Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Page 1 of 9
c. The indorsement should not contain any conditions or restrictions
d. It must be an indorsement of the entire instrument
Page 2 of 9
a. All incorporators are stockholders.
b. All corporators are incorporators.
c. All incorporators are subscribers.
d. None of the foregoing.
Page 3 of 9
17. A partnership contract begins form the moment of the execution of
the contract unless it is otherwise stipulated.
18. Type of partnership in which the partners enjoy practically all the
profits:
a. General partnership
b. Limited partnership
c. Universal partnership
d. De facto partnership
19. A partnership which compromises all that the partners may acquire
by their work or industry during the existence of the partnership is:
a. Universal partnership of present property
b. Universal partnership of profits
c. Particular partnership
d. General partnership
Page 4 of 9
a. Failure to disclose facts when there is duty to reveal them
b. The usual exaggeration in trade, when the other party had the
opportunity to know the facts
c. Misrepresentation not made in bad faith
d. Caveat Emptor or Let the Buyer Beware
27. France offered to sell her cellular phone for P10,000 to her friend,
Serra. Serra accepted the offer but is willing to pay only P8,000. Is
there a perfected contract?
a. Yes, for a price of P10,000.
b. Yes, for a price of P8,000.
c. No, because the acceptance was qualified and it constituted a
counter-offer.
d. No, because the offer was rejected.
Page 5 of 9
28. Tindero sold to Mamimili the computer owned by Mabait without
Mabaits authority. The contract is
a. Perfectly valid
b. Voidable
c. Void
d. Unenforceable
30. It takes place when the parties do not intend to be bound at all by
their agreement
a. Apparent contract
b. Absolutely simulated contract
c. Relatively simulated contract
d. Deed of assignment
32. Three of the following contracts are void. Which one is not?
a. Oral contract of partnership of three partners and capital
contribution is more than P3,000 in cash.
b. Written contract contemplating impossible services.
c. Oral contract of partnership where real estate is contributed as
capital.
d. Agents authority to sell land is given orally.
33. When the written contract does not express the true intent of the
parties as per their meeting of the minds due to mistake, fraud,
accident or inequitable conduct the remedy is-
a. Ratification
b. Reformation
c. Rescission
d. Annulment
Page 6 of 9
34. Rescission of contract can take place in this case:
a. When the thing which are the object of the contract are legally
in the possession of third person who acted in bad faith.
b. When he who demands rescission can return whatever he may
be obliged to restore.
c. When the third party seeking resolution can perform only as to
part and as to remainder.
d. When the seller cannot return the instalments paid to him by
the buyer.
Page 7 of 9
d. The obligation becomes a simple obligation once the choice of
the prestation is made and communicated.
42. One who takes charge of the winding up of partnership affairs upon
dissolution
a. Ostensible partner
b. Liquidating partner
c. Silent partner
d. None of the above
43. A limited partner who takes active part in the management of the
firm becomes
a. A managing partner
b. Liable as a general partner
c. A general partner
d. A general and a limited partner at the same time.
Page 8 of 9
46. Pacto de retro sale as distinguished from mortgage:
a. There is redemption when the principal debt is paid
b. There is no transfer of possession of the thing sold
c. There is no foreclosure unless it is declared as an equitable
mortgage
d. There is no transfer of ownership of the thing sold
49. Contracts which must be in the form provided by law for their
perfection
a. Consensual contracts
b. Real contracts
c. Onerous contracts
d. Solemn contracts
end
Page 9 of 9