BUSINESS LAW
EXERCISE/QUIZ No. __
GENERAL INSTRUCTIONS: ANALYTICAL MULTIPLE CHOICE. Read each question carefully before giving your answers. Follow
strictly the instructions. Answer sequentially and completely. Avoid erasures. Simply indicate LETTER of your choice on the
space provided therefore.
Student Name: ____________________________ Section: ______________ SCORE: __________
__A__ (1) Statement 1. A potestative period does not make an obligation void.
Statement 2. A potestative condition does not necessarily make an obligation
void.#
A. Both statements are true.#
B. Both statements are false.#
C. True; False#
D. False; True
__D__ (2) A agreed with B not to construct a fence between their 2 houses.#Which of the
following is a TRUE statement regarding the obligation involved herein?
A. The obligation is not valid.#
B. This is a negative real obligation.#
C. This is valid but cannot be enforced.#
D. A will never be in delay.#
__C__ (3) A and B by their joint act of negligence caused damage to X in the sum of
P10,000.Which of the following is a TRUE statement regarding the obligation
involved herein?
A. The obligation is joint because A and B acted jointly.#
B. The obligation is joint because there is plurality of debtors.#
C. The obligation is solidary because the law so provides.#
D. The obligation is solidary because either A or B is liable for the full amount.
_A___ (4) A (Seller) and B (Buyer) entered into a sale of motor vehicle. A obliged to give/
deliver to B his Mitsubishi, 4-door sedan Lancer with plate number ABC 123
on#March 10, 2020. B already paid the full purchase price upon the date of the
sale on March 01, 2020. On March 15, 2020, however, A had not yet delivered the
motor vehicle, and the country officially was placed on ECQ or “lock-down” due to
the emergence of the CoVid-19 pandemic that still exists until present time. A
interposed impossibility of delivery due to the pandemic. Is A still liable?#
A. No, the obligation is extinguished. The specific thing was lost due to fortuitous
event# and no demand to deliver was made by B.#
B. Yes, A is in legal delay. B can claim damages.#
C. No, even A is already in default and can plead impossibility of performance.
D. Yes, B can instead demand for another car of equivalent value from A.#
__A__ (5) In a sale, the buyer is entitled and has the right to the fruits of the thing sold from
the time:
A. The obligation to deliver the thing sold arises.#
B. The sale is perfected.#
C. The thing sold is delivered.#
D. The fruit of the thing sold is delivered.
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