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Questions and Answers
What remedy does Amihan have in case of non-payment by Belinda according to the contract?
What remedy does Amihan have in case of non-payment by Belinda according to the contract?
- Since the obligation is deemed to be one with a period, the remedy of Amihan is to go to court and ask the court to fix the period.
- The remedy of Amihan is to file a case of quo warranto with the Court of Appeals.
- There is none because the obligation is one with a condition. It is not guaranteed.
- Both B and C. (correct)
What is the delay on the part of the debtor otherwise referred to as?
What is the delay on the part of the debtor otherwise referred to as?
- Mora accipiendi
- Compensatio morae
- Mora solvendi (correct)
- None of the choices
In the context of fraud vitiating consent, what kind of fraud makes the contract voidable?
In the context of fraud vitiating consent, what kind of fraud makes the contract voidable?
- Dolo causante (correct)
- Dolo incidente
- Dolo revilla
- None of the above
If Amihan and Belinda's contract had a fixed period for payment, what would be Amihan's remedy in case of non-payment?
If Amihan and Belinda's contract had a fixed period for payment, what would be Amihan's remedy in case of non-payment?
What legal action can Amihan take if Belinda fails to pay under a condition in the contract?
What legal action can Amihan take if Belinda fails to pay under a condition in the contract?
In the context of delayed acceptance by a debtor, what term is used to describe it?
In the context of delayed acceptance by a debtor, what term is used to describe it?
In the absence of any provision fixing their compensation in the bylaws, what will the directors or trustees generally not receive?
In the absence of any provision fixing their compensation in the bylaws, what will the directors or trustees generally not receive?
Once amendments to the Articles have been submitted to the SEC, how long does the SEC generally have to act on them?
Once amendments to the Articles have been submitted to the SEC, how long does the SEC generally have to act on them?
Under the Revised Corporation Code, what is a foreign corporation not allowed to do?
Under the Revised Corporation Code, what is a foreign corporation not allowed to do?
When is ownership over a property transferred?
When is ownership over a property transferred?
What principle prohibits an indeterminate thing from being the object of destruction?
What principle prohibits an indeterminate thing from being the object of destruction?
For corporations vested with public interest, what percentage of independent directors must the board generally have?
For corporations vested with public interest, what percentage of independent directors must the board generally have?
Who is entitled to the 4 piglets that Peppa the pig gave birth to after the perfection of the contract but before delivery?
Who is entitled to the 4 piglets that Peppa the pig gave birth to after the perfection of the contract but before delivery?
Prior to December 31, 2023, what kind of right does the buyer possess when buying a truck worth P2,000,000?
Prior to December 31, 2023, what kind of right does the buyer possess when buying a truck worth P2,000,000?
Which among the following is considered to be the least defective type of contract?
Which among the following is considered to be the least defective type of contract?
If Napoy, Lizzy's guardian, sold Lizzy's car for less than its fair value, what type of contract did Napoy enter into?
If Napoy, Lizzy's guardian, sold Lizzy's car for less than its fair value, what type of contract did Napoy enter into?
What kind of damages are awarded to vindicate a right?
What kind of damages are awarded to vindicate a right?
Any director or trustee of a corporation may be removed from office by a vote representing at least what portion of the outstanding capital stock?
Any director or trustee of a corporation may be removed from office by a vote representing at least what portion of the outstanding capital stock?
What principle states that no one can be a member of a partnership association without the consent of all other associates?
What principle states that no one can be a member of a partnership association without the consent of all other associates?
Who is allowed to enter into a contract of partnership?
Who is allowed to enter into a contract of partnership?
In a scenario where three out of nine directors in XYZ Corporation were validly removed, who has the power to fill the vacancies?
In a scenario where three out of nine directors in XYZ Corporation were validly removed, who has the power to fill the vacancies?
If four out of eleven directors in ABC Corporation died in a car accident, who can fill such vacancies?
If four out of eleven directors in ABC Corporation died in a car accident, who can fill such vacancies?
In the case where five out of ten directors in ELJ Corporation resigned due to internal conflict, who can fill these vacancies?
In the case where five out of ten directors in ELJ Corporation resigned due to internal conflict, who can fill these vacancies?
What term means 'choice of the person' and relates to the principle that requires unanimous consent for membership in a partnership association?
What term means 'choice of the person' and relates to the principle that requires unanimous consent for membership in a partnership association?
What is the minimum percentage of stockholdings considered 'nominal' for purposes of interlocking directors?
What is the minimum percentage of stockholdings considered 'nominal' for purposes of interlocking directors?
If Y receives payment of the principal without first receiving the interest, what is the effect according to the scenario provided?
If Y receives payment of the principal without first receiving the interest, what is the effect according to the scenario provided?
When X paid the installment for June 2023 but received a receipt for July 2023, what is the effect based on the scenario?
When X paid the installment for June 2023 but received a receipt for July 2023, what is the effect based on the scenario?
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