RsSA: The Review School of Accountancy Page lt oi i8

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126.The principle of autonomy of contracbs means that the contacting parties as a nile may agree upon any stipulation,
ilause, temt and condition.
Relativity of confacts rTreans that contr"acts take effect not only between ihe padies lui also their lteiru and assigns.
a. False, false b. -kue, true c, False, true d, T'rut:, fulsc

., l?T.Antichresis must be in writing and involves only irnmovables.

In pledge and Recto Law there is no deficiency liabilily.

. False, false b. [rue, l:rue c. False, b-ue d True. fulse

I 128.A contract entered into hy a nrinor is void,

A contract where the arnount involved exceeG P500.00 must be in wrlting tc be valid.
a. Trug true b, Falsg false c. False, fue
d. True, False

' 729.A de facto corporation is one which is not registered with the SEC.

In corporation by estoppel, those l';ho misrepresented themselves as forrning a c()rporation are liable as general
partnerc.
. False, false b, True, true c. Faise, true d. True, fals:

' slrouldered by the otherc.

Solidarity may exisl although the debtors rnay not be bound by the sarne term, conditiott and manner of performance.
a. Fals<:, false b, True, true c. Tn"te, false d. False, true
t 131.In dation in f)ayment, the creditor becor,res the orrvner of the prr:pefi ceded as payment of the debt,
In payrnent by cession, the creditors do not be.come the ,lwners but are authorized tr; sell the properties assigned to
ttrenr. .frue,
a Faise. false b. False, kue r:. True, fue d' fulse

'r- :- --^-r-
.=r -tI lf iawnent and consignahon, the refusal without valid reason of the <.reditor to accept the pyment of the
3iaia{ ," ' e}f 1'!rJ:$f" ihs obligation
i^e rhrc gg'-yf,o ,.;rc p:d tf,e cOligatron r';iiicul t-r^,e kmwledEe or aoainst the i';ill of the CleLrlor iS Still erltitied tcl
r:r:c\r:g?-€'' -r :a Jer::. :-' i-lle extent tf lhe ;atie!'s beneit.
a. Fa6€. ias€ b True, true a. FalS€,
'frtre,
rue j. fulse

fl 133.A corporation can be a stockholds but not an incorporator.

Tr: be a de jrir-e corporai.ion, it- must be existinq irr la',,1 anci in fact unlike a de faitc orie,,vhir:lt exists in fact but not in
:er"
a True tn e b. Fatse, ialse c. False, true d. True, false

:'. 134.It is indispensable for quasi-delict to existthat there is no pre-existing conkactual relation bet"'ieen the parties,
The unpaid seller cannot recover the thing sold from an innocent purchaser for value.
a. True, true b. False, fulse c. 1?ue, false d. False, true
'.. 135.Which of the follovving is not an essential element of an obligation?
a. Obligor c. Presentation
b. Effir:ient cause d. Creditar
l-' 136.It is an obligation which is based on positrve lauv gives a right to enforce its perfonnance
a. Natural obligation c. Moral obrligation
b. Civilobligation d. Lqalobligation

I ' i37.Which of the following is not a source of an obligation?

a. Law b. Contracts c. Delicts d. Damages e, Quasi-conkacts

rr l33.Obligations derived from law are presume(J except those found in the Civil Code or n special iaws.

Obligations arising from contracts have the force of law between the confacting parties and should be comr:lied with in
g(Dd Faith.
a. Both staternents are true. c. Both are fulse.
b. First if fulse, serond is tue. d. First is true, second is false.
',
' L39.Ttris is a principal kind of quasFcontract arising r:ut of payment by misGke or Llndue performance of an obligation:
a. Solutio indebiti b. Negotiorum gestio Otlter c. quasi-contract
d. Quasi-delict
l)-., 140.Which of the following is not a civil liability arising frorn delht?
' a, Indemnification for consequential damages c. Reparation
b. Rescission d. Restitution
141.in,quasi-cont'act there is no ccrnsent of the parties thus preventing a meetinq of minds tletws:n them.
In quasi-delict there is not intention on the part of a person doing a urrongful act or omissioh causinq damage to
another.
a. First is False statement, second is true. c. Both are true.
b. First is true, second is false. d. Both are false.