1) ...even ...

of the trust for prescription the possession must be with a just title so if the possession is
with a juridical title it does not ripen to ownership through acquisitive prescription so in the case of an
implied trust for instance.....nevermind.
2) In order to bind third persons to a trust in the same must be in a public instrument, thats TRUE.
3) Stuatute of limitiation applies to express trust, thats FALSE. If it is an express trust no matter how
long the trustee will be in possession since his possession is by juridical title, he cannot become the
owner of the thing but if it is by implied trust, it can be caused by prescription, unless the benefeciary is
in possession of the property, that means he can file an action for instance: the title to a parcel of land
was issued in favor aof a person who is not a true owner, the law provides that they will be holding the
property in trust for the riightful owner.
4) Will the right of the rightful owner to file an action to recover the property prescribe? The answer will
it depends, if he is in possession the action will be in the nature of a filing of title that will not
prescribe.But if it is not in possession it will be subject to 10 year prescriptive period. That will apply to
an implied trust.
(You the true or false statements in partnership that we have already answered.)
5) Constructive trust are imposed by the law to carry out the actual or presumed intents of the parties,
this is FALSE that is more of a resulting trust.
6) Constructive trust is one imposed by law to carry out the actual or presumed intent of the parties.
FALSE this is more of a resulting trust.
7) Constructive trust is one that is established by law redgardless of intention in order to prevent
fraud,oppression or unjust enrichment.
8) There is a resulting trust when a donation made due by a person but it appears that although the ....
states to the loading.... no legal interest.... TRUE
9) Take note of the enumeration of implied trusts under the law, there is a view that only 1456 is an
example of an constructive trust and the rest are resulting trusts
10) There is a constructive trust by the land passes by succession to any person and he causes the legal
title to be put in the name of another, FALSE this is more of a resulting trust.
11) There is a constructive trust if a price of sale of a property is loaned or paid by one person for the
benefit of another and the conveyance made to the (partners?) but for me its to secure the payment of
the debt again this is a resulting trust.

12) Laches is a defense in resulting trust against the benefeciares by...... of a trust
(I need a volunteer who wants to read this one?)
13) There is no need for trustee to render account under........ TRUE
14) The trustor cannot prohibit alienation for a period of more 25 years. TRUE
15) Merger is a cause or determination of an implied or express trust. TRUE
16) In an implied trust........Must be in 5 years from the issuance fro the title of the property. FALSE Its
10 years.
17) An oral trust is sufficient in the case over personal property. TRUE
18) In the case of an impossible trust, the court may authorize mediation with interest of the trust.
FALSE
19) A partner may transfer his interest to another over the objection of the other partner. TRUE
20) The partnership (mediates?) fromthe moment it is registered in the securities and exchange
commission. FALSE
21) The fruits of the property promised to be contributed by the partner should also be delivered
without exception. FALSE
22) In case of imminent loss of the business of the partners the industrial partners shall be required to
contribute additional (service) to the partnership. FALSE
23) An industrial partners can engage in other business but must not compete with the partnership
unless otherwise stipulated. TRUE
24) Partner as agent cannot assign partnership property in payment of partnership debt. FALSE
25) substituted partner is one admitted to all the rights of a limited partner. FALSE
26) (Assignee), agents may be bound to render service without compensation provided that there is a
SPA. FALSE
3 PROBLEMS AND 70 TRUE OR FALSE.