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Questions and Answers
If a determinate thing deteriorates through the fault of the debtor during the pendency of a suspensive condition in an obligation, what alternative remedies does the creditor have?
If a determinate thing deteriorates through the fault of the debtor during the pendency of a suspensive condition in an obligation, what alternative remedies does the creditor have?
- Rescission of the obligation with indemnity for damages (correct)
- Specific performance of the obligation with indemnity for damages
- Return the improved thing for a reasonable period
- Extend the suspensive period
When is a thing considered lost according to the text?
When is a thing considered lost according to the text?
- When it perishes (correct)
- When it is in commerce
- When it is used by the creditor
- When it is improved by the debtor
What happens in case of a unilateral obligation subject to a resolutory condition or period?
What happens in case of a unilateral obligation subject to a resolutory condition or period?
- The debtor will be responsible for deducting expenses for the fruits (correct)
- The debtor returns the fruits with no deductions
- The fruits are shared equally between creditor and debtor
- The creditor returns the fruits with no deductions
What right does the debtor have if an improved thing is at his expense?
What right does the debtor have if an improved thing is at his expense?
In what instances is a thing considered lost according to the text?
In what instances is a thing considered lost according to the text?
What are the effects of fulfilling a resolutory condition in an obligation to give a determinate thing?
What are the effects of fulfilling a resolutory condition in an obligation to give a determinate thing?
What is the premise of estoppel by laches?
What is the premise of estoppel by laches?
What does estoppel by deed prevent a party from doing?
What does estoppel by deed prevent a party from doing?
In what circumstance does estoppel in pais occur?
In what circumstance does estoppel in pais occur?
What characterizes estoppel by deed?
What characterizes estoppel by deed?
Which requirement is necessary for a valid payment?
Which requirement is necessary for a valid payment?
What is the basis of estoppel in pais?
What is the basis of estoppel in pais?
What are liquidated damages in a contract?
What are liquidated damages in a contract?
What distinguishes temperate damages from compensatory damages?
What distinguishes temperate damages from compensatory damages?
In a legal context, what are nominal damages primarily awarded for?
In a legal context, what are nominal damages primarily awarded for?
What is the compensatory interest rate on pecuniary losses as of July 1, 2013?
What is the compensatory interest rate on pecuniary losses as of July 1, 2013?
Which statement best describes actual damages?
Which statement best describes actual damages?
What type of damages are moderate damages in a legal context?
What type of damages are moderate damages in a legal context?
When an obligation consists of the delivery of an indeterminate thing, can the creditor demand a thing of superior quality?
When an obligation consists of the delivery of an indeterminate thing, can the creditor demand a thing of superior quality?
In case the delivery of the foreign currency stipulated is not possible, what currency should the payment of debts be made in?
In case the delivery of the foreign currency stipulated is not possible, what currency should the payment of debts be made in?
Which of the following is NOT considered legal tender in the Philippines?
Which of the following is NOT considered legal tender in the Philippines?
What is the legal tender power of P1, P5, P10, and P20 coins according to the text?
What is the legal tender power of P1, P5, P10, and P20 coins according to the text?
Can negotiable instruments like promissory notes be used as cash for payment according to the text?
Can negotiable instruments like promissory notes be used as cash for payment according to the text?
If an obligation involves payment in a foreign currency that cannot be delivered, what should happen according to the text?
If an obligation involves payment in a foreign currency that cannot be delivered, what should happen according to the text?
When does it appear that the accessory obligation of pledge has been remitted?
When does it appear that the accessory obligation of pledge has been remitted?
In what scenario does renunciation of the principal debt extinguish the accessory obligations?
In what scenario does renunciation of the principal debt extinguish the accessory obligations?
What must happen for a confusion or merger to occur as a mode of extinguishing obligation?
What must happen for a confusion or merger to occur as a mode of extinguishing obligation?
What must take place for confusion or merger to occur according to the requisites mentioned?
What must take place for confusion or merger to occur according to the requisites mentioned?
What is the effect of merger on an obligation?
What is the effect of merger on an obligation?
Why does renunciation of the accessory obligation not extinguish the principal debt?
Why does renunciation of the accessory obligation not extinguish the principal debt?