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M:.TL'.1'IPLE CHOICE
INSTRGC'l'ION::i. ~Sec1ect tlle
a,'swcr for each of the fcllowing cc1 r2ct
ci: e'stion.:;. L~{ only on?
for c:ac.:h item by shad.i..ng 1:.he box an~w,o;r
c'.:..nresponcf._i;,,_: to t:he let.t2r of you1.· choice on the sheet provided.
STRICTLY NO F.RASDRE$ ARE _ULOTifED. Use 'pei1Ci]. no. 2 0"1ly. - - - - - -
Stat21nencs:
1:·1 ca:>= of c.ioutt, a cr_,n·~l"ac~ ;::>u:.::po.ct.i.nq to oe sale ::;hal2.. be construed as
;nortga'=;e.
l_rl ,J..l!l~Lrner::__ o: contracts, ~h rR sh?.ll always oe rr.u'=.Jal .,:estit·ltion of
:) u := r: p ~l r t~ _:._ \ ~~ :~ the Leo i . o
r' -·, ,;~_dten,ent: .l.:o falsr•; second is ':.rue
~- Bc':.h 1re ~alse
r Bo~h ar~ ~rue
2. Statem.c:ont:s: .
c:;ust l::.ke voldahl-:: c.nd unenfo:..ceable contracts, .:::escis:.;ibl.= cor;tracts may
also~~ .:::~tlf.:::~d.
n cas·~ o; 't:d.G.d or .nisC.al:e, ti:.e ac~ion for i'ln:J.ulment must be :nade within
~c,;._E ~--,a: :" the cormrns:..;io:-1 of the vice of c-~;nsent.
i~, (- :=: : :: ,_i i._ e ~n e n t s c~ L e t r uc
b. 'Cot:. "rcc: false
true; second ts fd se
d. F:.rs· ~alse; secon~ is true
_J
3. D, fcarlJJu 1.h'Ctt his crEclito.· r;, would go Cltter his only p<:1rcel o'= lap.d to
SG.ti:,'; ;,, .:lalm fer. ;>ayrent of D's debt, so-:..d his saici ::..and to }.,.'who did
not kn-:.-"· o. D' .s ll!tenti0J:. Dec.i.de:
a. ca;. ·"·;k for a'1nulment c. E che sale as this is voidable conc_rar:.t.
b. ma 1 ..1·. :: for damage::;_ a(Ja.::.TJst X ::,incE: h~ was damagerl. by t.he sale.
c. CccL t.\le an action-for .:::F>scission of the .:;ale.
:..l. C car:•1ot .1sk .:=c'r the rescission of the ~ale.
!J. 2taternenc.s:
Mc1Lua1 error as t0 the legal affec:t of an agreeme:1t wnen tne pu.rpose cf '.:he
parti"'s .:..:-; ".custrateC. niay r"sult in the reforma-tion of the instrument.
H1tual l"'lisL' ':e of the ;x:tr~i:s and the ir>strU!IIefit does not exuress the t.rue
a·;reement v..-_L '.. :Jctke tr.e contcac::. voidab.i.<>.
' Got'. .s· .tternF:nts are fills~
:Jot.~ dL--· true
FlrS':. ~-s true; second _s fa 1 se
d. ~'.irst f2lse: seconct " true
s. A 1•ithout:. ;:,uth,Jrity ·from B sold tf:.c lat.tr:r' .s car in ':he· name of the
latter. The co:-.~tr"'.ct is trterefore: .. •
3. Rescis~:2.ble
b. Vo2.daj:~'"
c. Urentorceable
c3. Vo1d
ReSA: The Re\'lfw Sdiool of A:co~m:.ancy Page 2 of 8
a. ,: !tl:'.··'''' whe~e the •;.cedi.t.or. '-''as damcJ~"!rl by tr.~ 3.ct of tr.e c!ebt:or
b.
~nL•:I
Cor.tra~t
c.• _j ro cJefraud h.iJ:l.
en~ered i~to ~~ ~
.
person i r, cap a b l (:: c f g i v j n g co n s cr. ~ .
c. ',c,l~ of ,_na~tels orAlly ente.J..ed Lr't.J ten a price nuc. J~ss +.:.han five
hunrlred pe:.;os.
d. :"<'.<C~,;e; o.L real property ior mu.::e thar, c_,qe year nrally ent<ore>d i.ntu.
10. BECC..'..lSe A. warJts c0 sell Lis lar.d tc R but the lat:ter .--:!''0'3 nc-,::: want
t0 ~uy the sa~e, A forced E to buy his la0d.
a. Net bHHling upon B :o;ince ;liS consent Wd.S vitiated.
b. l':: lc> un<·r.fo:cceable a.s aga"Lr:st. B ht..:t: no;.: aqain.st A.
c. !-1:1y ;J<: :·1tified ex~reso;.ly ur li:o::.t:ly ! ._, i'\.
i." V<~.L.Lc.i, billdinc; an: ~~nforce2bl·' .
1:.-.
.
11. !) bcrrowec~ a ~.;urn of money iro:n C
Gas guarantor. \~ith The loan is
in 1.vr:i tine; buc the ,~ua.canty is ural D failed to P·lY who now is
dern.1nclinu pdvment from C. _(,2!1 G be compelled to ;Elj'.'
a. 'r'e:s, be·~a·J3e he lS ::!le g·JaJ:antoc o.,J.lged to pay"' t;- e
de [ . 1. l ', J ;-. ~~ . c
c. No Ct."<>tuse 1:l1e ')Uaranty L.-. vo ~d hav.lng t.een orally mad~:
~,..... No, bec:,on. . se the guaranty j:::; uner.fov:::e.J.bl ~ against G, it: 0eing oral.
d. Ye~, bc•c:.use the guaranty i::; enfcrc:eatue, writ-lng not needed.
.,
l "-• A and B <=~grf'!ed on February 3, ?.011. tu.:J.t B will con5tJ·uct the house
of A ln ,J.'muc.:ry 2013. 'I'lle cc;11..ract •as oraJ.ly Er,te:rec-J 1 n':o. B
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BUSir't!ESS lAW- FIRSt PRc--B0AI<D EX,AivliN/\TION (BATCh 26)
~SA: The Review School of Aa:ountancy Page 3 of 8
c. y 25, C.J.rl je rP- formed b•"·c.J.U!"E: i t dces r:ot express the true ayr:eement
uf the pia ties.
d. No, i_ t- ':it,Ll'Jt be teformed jecause there wa~ no meeting o::.' rrinds b·::tween
che r•rt~es and the remedy i5 annulffie~t of contract.
tl c:bC:ct~ncc;:
::om Co. .:..oa:1 ac.1ountjrg to !:'50,000.00, tbe same being secured
:.)y a o.~ D' ::o
r'l:_:, --''"_l_ot. Tl-:ert:c.fter, ,--:_ a:osic;-ned his erect_;_ L L 1 ght to T
wit:n ;JOt.lc:c to D. Based on the foreg·.Jing fact.s, which of the following
stat:em~nt~ 1~ incorrect?
cullcct irom D if D does not qive his sonsent t:o the
a.ssiqnn.ent.
b. T car> collect from D. D's consent: tC' the assignment is not re1uired.
c. T c.·.n col lee. t from D ar)d D caunc'c pay, T c0.n foreclose the mortgage on
th~ lot:.
d, T:1e noti :c to D of the as SlCJ:Lmenl:: is sufficient. D mus~ make his
payner.·~ co r and [lCJ longer to c. ~\
.. Y.:ind 'Ji In•:Jr·cg~ge wh)_ch, c.lth·.)L:gh la<jikL1g -::son'e fo.~_·malit.y, fvrn of words,
~JL r:c:qu.i:;itt::'o :;:rescribec' by law, ~·lmoJ the i!ltention of the Far1:ies to
..:h •. rg,~ re:1.l Froperty .-:!s sec11Tity fez: dc0t a:-1e1 corotai:-1s nntning impossible
c;r contrac; Lo law is know,·r as:
a. LeCJrt.~ rnort<;age
b. Sc,'<li t -,,j:.: l. e cnc rtga::je
c. (>)n·.·er'.t ._( ·1al mortg'lge
d. Vc-ll:r:'Lc' ..: •no::tgage
- ~----~---------·---
1e. ll. d u:'.'"";_,le pro1--erty :is c;,<-~! :-;,_'f·il·,-;,•__ c~:y Lo ~:Wl' ur mere.• dicLerent~
vendee:;, ,.,,mership sh:tJ.l bei..,mg t ' ) t-he ~),:C.o:-~:
a.Whc in gcod faith first pald the purch~~e price in fuil.
b. ~'.'he ln lJ'lOd .C.Jj_ tb firs•: rec-:ndeci the> ;:;ale in t h,e I<.egi.:; ·:ry u:L Property.
c. Who in c:•ooC.: f'c,ith pre3<•nts •:rP oldest title.
d. \'Jho ln good [ait:~ fir.<:t too:: posse::-co. o•n o:: t.'l'= property.
:.> !] e is p e" f e c ~ ,, d :
2. Upur1 c{ r:·tt_J L Lance with ~1'~ ,::t.-.q'JlL·ernent:_.s o.L t11e la\~ a~, ~-o tc_:,r: .. n.
b. Upon '•Jery of tf:e ob~e:ct ut: the r:o:Jtract.
L\I'C.
Upc: t:h<': meeting ol: the~ minds entre tl:.inq VJhich js t.he oi)ject· of the
coflt::rclc:- e1nd upon the prl:?.
"J. 'jp-:Jn c!en artd..
20. A
a.
.
~0~~ra:t of s~le is not
f.:.::ir;,_~J..pc.,L cc_,ntract
-~:\
n •
21. The followl~g may not b~ velid object_ of a contract of sale t·xcept:
a. Obl r: r~:ls Cl'tside the cornrn"'t:c.::. cf m:n
r>. ll]i_r·il lhings
F'cLLUl "'' yoods
::1. I:-r\JOE:S._blt=;- secvice
22. Tri.s ic; Kind of symbcJ ic: deli ,;c:ry wher~ the ve:.dor rema ·-_ns in
tJOSsessic,u of the pr:ope.'"t::..~-,::-,,'--_,ld, s~~~·J--- ,-1-~ by ,,; ;:tue of " leo.::-e <'<;neemerit
v:i th the '/end•~e.
s . T L d d.! c 1: o I on g a rr.c> n u
b . C": d d i t_ i ::.: b.r e vi manu
c. J·--3jjr~o -:cnstitutum 1-JO.:OSt:."sorium
d. D·~·..Li.,,·.~r:y cv conunon c.::r::_t-:r
2:5. !,~hentre qoods are deliverui tr) the t;c:.yer, Ll1e o:vr>"r:·h-· t·hpc·eof pa:cses
to th,' t.u;~r i'1;
a. Sal.e on arprcval
b. Sale or Leturn
c. Sale on ccla:
d. Cu:t\'c~•:L to SPll
dec; de. B accepted tht: rrunLc:.i~o ot ~:; ,,,\.::; i_r,fc;::med :; t·_hc;! he-~ '131 would make
ki1 :).-''"l
1 h.1.s d~cl.sion bE.fore tht- •apo~ o[ ::o day.s. He :ll r,c. CV1VC .; !.'2 f 000. 00
:,,_; _:-~:It_: ,,: . ~r ·\ti.on so that .3 ''O'llcl r1old on LC) t"is ptc:ffi.o3C'3 T'le contrac·..:
enuc:r.c~ri .Ll t:<J be:ween S dD 1 Fl and t~l·.>. . o '1 s l cl tor·" t i c" '! ; .. "' h v B to S a r c>
• Slit''' \.:1 I U L i.o:' . Later, ho'vJt-Vcr, the new debt LecC~.ne lnsolvent and or
dcfc1L:.~~ ·c: in hi'.i o:,ligat~ c~n. \lih.>t ls the Efte~t of :_r;e n e i-1 c; e '::: to r ' s
de1.au1_,__ up01: che original d~btor?
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HUSINESS L!\W f1RSi PRE-BOARD EXAMINAnm~ (BATC:-1 26!
P~ge 5 of 8
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" T:;v o~_:_g.:.nAl debtor i.e- f_r:-eed of liJ.bility since r.ovatio:t ~ook place
-l!lci tlcl!O rcl.J.:::ved r.im of his oclir:ratior,.
b. ··::, cnLginal Jpb:::or shaJ.l pay or pe.:form the o::>L:.gatlon Wlth
.:t.' 1 -'-)~_ese ':o the net-J de~"t.ur.
c.:. Tl, oc:lginal c.:;ht-.o:::: rem3.i.ns .:.lab.:.e since h<e gav2 n•) co11sent Lo the
_;u,:>: ti tution.
;·J., 'Hlgin'} · debtr:>r sh:~.:.:;_ pay o:c pe•_forw 50% of the oi.Jl.i_gatl.Oil to
.-1,, c:n_l'.lSt enrlc'unent on his p:cr
>-~. t:-.e ~wncr, c.:OJJ3titnted a 10-year usufr:Jcl..: '-'n hjs land as w'=ll as on the
oui.:.cli ng ""t:an.li~lg on it in V.' s filvor. After fJ ood tot;1lly det:troyed the
tui.lciin,J :J \IE:d~.S later. X tnJG. Y -c:wt an act of God -t:errnina-ced the
usufruct anc< t.nat he slloulc.i"va~ate t.he land. Is X, thF! owner of the land,
:..:orrecr:
a. J.v, :.he bulldrng was destrc.,yed th.:::ough no fa:.J.lt of Y.
•; L~;ce-
~ No. ;1nce Y st.ill r.:<s t-:l1e r1ght to use the land a:J.c. the materials
l·:::-ft )il lt..
< .. ·:ce 'f Colll10t use the land \Ji.th011t the building.
~cnce the; d·~stru:::tJ.on of t;1e ~uiiding ~it.hout t~e X' s fault
~'· ''- b-:Jrr:cw~:d r': !nill:.on fc:om E 2.n.J F 1-1ho ac.:tea as solidary creditors. When
::: :1e l.o"n rna • .c: e<-', E wro': = a .letter to r<, demanC.i11g payment of the, loan
:Lrectl ~' to :.m. Before P. cvuJ.c'. co!T'pJ.y, F wellt to see hin• :t=Jersonally to
.~:)}.lect ,,nd .cc ['did him. Dici R m;:;ke a valid payment?
•u, sJ c:ce F\ should" have sr-llt the j_Jayment be-c:ween Rodrigo and
l';o, >~ 1 nc~ E, t~.e other solidary credito.>:: alreJdy made a prior
uema·:d ~or pa~~~nt from r..'
-,·es, :o ... llce tne prt]111Pnt c~vers tloe wLc'_e 0bl1gation.
c.i. Yes, :cJ.n::e E · was d solida:t:y ;redllor, ;::;ayment to hi~
extln;.;~shed t-:he obliqation.
r:ac:ural
r-. ob.1 _:.qdticn und<e:r '.:he New Civll C:ode of the ?l)il.ippines is one
whic"'.:
d. t~e cbllgor has ;:, IhGral ::Jbl '.gat·.:.on to do, otherwise entitl:Lng
th•:: o:: l :.qee to damages
b. .:efc~rs ":O an obliqatio.l it. writir.g co do or not t.o do.
c. ti-le o'·lic;ee mc:.y e,1forcc tbrvU<Jh the court if violaced by the
obliqu r.
c1 c·cl:l:-lc_,l_ !)C ~udicially ·enforced but autho_-:-izes t:he obligee to
~eta.:.;J t h.e cblioor' s p;;>\mcrJt· or performc.Pce.
.~ :~u2.'..·~d. l .. I•o•~linc; A L·~ vdy dir<e:cl.Jy "co nir.1.. On learning this, C, B's
,; :r:c:.i:, cold A pay throug~ l.il'1 c.s his SPl\ provided and to pr.otec~ his
-~·:.:-rn:;u:::.~lOJl. Fd(c:cl with two c.l.1.i.milnts, A con~i'}ned the pay:hlP.ni: i:1 court. B
p~otested, cont~r.a.:.ng that: tbe consignation is ineffective since no ten~er
,_,:: :.d','. 't'\JO cays a£t.er I.:;c,:.:.p~~ OL r},o }•:':.'>'.', !\ t'e:::ona;_ly of:feJ:ed
':0 pd~· f3 J!l rrunc\Q<!r;,s check but :..he lii:_t•": ,~,:fused tc• accept the :.;arne. The
5 days lwps0d. May ,c,· s n:CligatL('f' be •.::c.1si.deu'!ci extinguish.ed?
a. Y2'i, since B' s rP-fusal l1f the manager's check, wh· cl- is p :esumed
tundPd, amOU:1tS eo p Sat.i.sfacti.Gn o_E t:-te ob.l.igat.iur ..
b. t-:c~, .sine~ tender: of r)ayment '2.\rer • .iY'l cash .. ·.i_f ref~J~.3ed, will no~:_
:.::.i.~,·~:t<~rc,e the obllgS~tJ.cn I..JitiJot·c· ''Loper consi<]'1at(; ., in c Cl'U~t.
·-r~l~,-~ A tendr·rf~ri :,·:J·:rn•.''
:::.
_,J_:l~._·t
'''-/1
1
a
:;
I~aPl:. 1 ·•·t'~-
__,, L '·it:· ft1.~ 1 d!~i"'llnL t1L·
(J•,•t. r~:U\\S.::.d~-·l•;>d ]_r_· ~ tender in
. 1
2 3. !'he fo.l
~.
I owi:,c,
~u~l~ic~l/Legal
u re t.:he cJ.emer.ts
Tie
of an ohligation,
. except:
t• f-1··t.i.v·:· c;ubject
[':t ·J.l ··: o,ubjcct
~~ uL 1 u .L -- al !1 e c e.s s i t y
P r~-·: t ,J t ~on
d. ,-·on r: :·.~,
•
35. It is a ju~idic~l rel~ticn arising frcm "_L,w.f'.Jl, >.:o)ur,tary cuiO ur;_i l(iteral
acts based on the p.rlnciple that no o~J'': shouJd u:1justly ~nri•.:!1 [;_;_m:-;el_ ~ .:ct
the expense of unother.
a. Qua.s: cont. ract
b. Ouc'''l -c:lelict
r:_: c· n. t r :--i c t:
d.
37. A dd:,'·or _'.5 '_J_l:::,l=- For dam<:ges 1.f :1e 1:3 quilt'y' o:: any of t:!lc foJlc,.;ing,
except:
..:t • c_~ f-: J-, ll; l L •· ;• tor a)
b. rn..Lstar:c·
c. ne.:Jlll.J•:~r~ce (culp<... ) ""
d. ..Jc·e:ach t:hu-:.ugh con':r<:lventjon of .. r.e tenor therPof
38. Tr.is t.en:1 refers to i'l c.:.~:Lay 011 the ,')arc uf hoth the debto~ M:d c.z.:-d1tor .i'1
reciproc3l oblJ.y3c~ons.
a. Mcra ilc:cJpie~di
b. Mora so~J~~di
c. ComtJE:r'Sd1-io~:
morae
d. ScluLLon 1ndibiti
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~USINESS LAW
~SA: Th~ Rc,Jiew 5c.nool of Accountancy P~ge 7 of 8
v
-!_. c::.~~Je :::::lJ 'J8_r:c; are ::equ:..si·_..:: ot: :':.lrtL 0 tOL'.S ev\O'r.t, e::tcep~:
ti-,·c:
3.. Ca!lse rs rndependent ct.~ ·e 'A~ill cf thE: debtor.
'J. :'ll•.· t'v,·nt l"' unfuresc::eah],'/Un-'lvoidable.
i'IJ:r•c-nc· renders :..L ah.o;cJute.:.y impossib.le ~or the uebtor to
tLJf_L. his oblJ.garion i.n a normal manner; i.mpossibi.lit.l must be
:'lbsoJL:le not partic.l, oUH=n-'l.Se nol force majet.:re.
d. Libtur cortribtlc<Cd to th2 nggr'l.vation 0f the injury to the cre<itor.
·l3. ? deb::or ';'lay still be held Ji;,b.l-= fer lo.ss or dam.:.ges even if i t was
caused by ~ort.Jitou.s event .:.n aCJy of th.:::> foJ.. 1.owing i.J.stances, except:
a. The ~e~tur i~ guilty of nolo, malice or bad fa.:.th, has prowised
t11e '"r:::" tl>rng t;c two cr mu_:e pe:so!ls who do nt1t have: the same
inteLt·~; t.
·~·:-c,:: d··- ·· ··o'l'tribLJted t.c t).e l':.JSS.
1
c. '~''1e tl ·''·!tube deJJ.ve.c·ed lS geneJ:ic.
d. T'1e .'eL tor is '-':.li:'c t:? ct fraud, neglJ..yence or de::.ay or if he
c':ln'::raver:ed the te.lor ol:' ::.he obligation.
:] -1. E. F, add T 0cund r.Lemsel \'es suli~aril y to pay ]\ 1:he ""mount uf PS, 000.00.
Suppose S pd::i t-he obligat1on, what is his right as ugainst his co-
d·o:btors ·:
a. 5 ca.1 ~-"''. for reimbc;r:.;emenL f.::or.:-. F and T.
b. 8 can ~u~ F ~nd T f~r damages.
c. B can sJe for rescisslon
,,
a can :ldim a refund from ~-
•
'l'J. 8, r c~.nd
T 1)0UJ.u themselves ~olid:uily ':o pay A the sum of PlO,'JOO.OO.
\~h,~n the obl:.g JT:_;_od bec:arne ,:JuF and dernanc.able, A sued B for tne payment of
l.ne PlO, 000.00. B moved tc di.:>mi~s on the ground that there wa:- failuJ.:e to
_:_::elude F ard T •;.~ho ar-e also de!:lu:ns. vJil_l tl·,e I:lction to disw.l~S prosper?
':ihj')
a. Yes, F 3.nd T should havi'O "'been impleaded as ':heir
ohlic,o::i.cn is soliJaJ:y.
b ~iG, r_.c:c;c.use tr.e r:rcc::..tor :nay proceed aga.:nst any one of the •
solu_:,j ;:y detltcirs or sorr,.:o or: 2Jl 0£ them o:i1nul taneously.
lnJ :_, c...luse a rnoL_~_~n t~ di~_rniss rs a prohlbited pleadjng.
4-1. B, F d!ld ·r :·.re 30 1~idar'{ rlt.'::,to.cs und"'r a loan ohlic;ation o:". P300,00C.OO
wh.ich hcts faLler; due. The -~redl·.or l1as, hov:ever. condoned F's olltire share
l'~ Ltle debt. ::Jir.::e T ha:;;~ bec,Jm<.:.. :truu\.JPnt:, the cre·iitcr m-\kes d oemand on
G to pas· t :1"' J.:b': i!ow muc'1, lL e~ny, me.•,· B be cornrelled t.o F'·''.'')
a. P2(:U.O~JO.CO
48. An obli(]atio.> Hhich Ls based-'cn equity 2nu natural law is i:rwv!D as:
a. pure: civil
b. quasi-contract d naLucal
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