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Questions and Answers
Which of the following is NOT a way of extinguishing obligations?
Which of the following is NOT a way of extinguishing obligations?
- Loss of the thing due
- Renewal of the obligation (correct)
- Compensation
- Prescription
In obligations to do or not to do, an act or forbearance cannot be substituted by another act or forbearance against the obligee’s will. This is an example of:
In obligations to do or not to do, an act or forbearance cannot be substituted by another act or forbearance against the obligee’s will. This is an example of:
- Rescission
- Confusion or merger of rights
- Fulfillment of Resolutory Condition
- Novation (correct)
What does payment consist of according to the text?
What does payment consist of according to the text?
- Satisfaction of the creditor's demand only
- Performance in any manner (correct)
- Delivery of money only
- Exchange of goods for services
Can the debtor compel the creditor to accept a different thing if it is more valuable than that which is due?
Can the debtor compel the creditor to accept a different thing if it is more valuable than that which is due?
What is an example given in the text that illustrates that an act or forbearance cannot be substituted by another act or forbearance against the obligee’s will?
What is an example given in the text that illustrates that an act or forbearance cannot be substituted by another act or forbearance against the obligee’s will?
Which of the following is NOT a cause of extinguishment of obligations according to the text?
Which of the following is NOT a cause of extinguishment of obligations according to the text?
In the context of obligations to give a generic thing whose quality and circumstances have not been stated, what is the creditor unable to demand?
In the context of obligations to give a generic thing whose quality and circumstances have not been stated, what is the creditor unable to demand?
What is legal tender, as defined in the text?
What is legal tender, as defined in the text?
When can the obligor recover as though there had been strict and complete fulfillment, less damages suffered by the obligee?
When can the obligor recover as though there had been strict and complete fulfillment, less damages suffered by the obligee?
What is an exception to the rule that the creditor cannot be compelled to receive partial payments?
What is an exception to the rule that the creditor cannot be compelled to receive partial payments?
What happens when the obligee accepts the performance knowing its incompleteness or irregularity, and without expressing any protest or objection?
What happens when the obligee accepts the performance knowing its incompleteness or irregularity, and without expressing any protest or objection?
In obligations to give a generic thing, what should be taken into consideration when determining the quality of the thing to be given?
In obligations to give a generic thing, what should be taken into consideration when determining the quality of the thing to be given?
What is required for a monetary obligation to be considered fulfilled?
What is required for a monetary obligation to be considered fulfilled?
Study Notes
Extinction of Obligations
- Substitution of acts or forbearances is not allowed against the obligee's will.
- Payment consists of the delivery of what is due, in accordance with the terms of the obligation.
Limitations of Creditor's Rights
- The creditor cannot demand a specific quality or circumstance of a generic thing if not stated.
- The creditor cannot be compelled to receive partial payments, except in certain cases.
Legal Tender
- Legal tender is a currency that a creditor is legally bound to accept in payment of a debt.
Fulfillment of Obligations
- The obligor can recover as though there had been strict and complete fulfillment, less damages suffered by the obligee, when the obligee accepts an incomplete or irregular performance without protest.
Acceptance of Performance
- When the obligee accepts an incomplete or irregular performance without protest, it is considered as complete and regular.
Quality of Generic Thing
- In determining the quality of a generic thing to be given, the circumstances and usage of the place, as well as the quality of the thing that is usually given in the same locality, should be considered.
Monetary Obligations
- A monetary obligation is considered fulfilled when the obligor pays the exact amount of money due, in legal tender, and in accordance with the terms of the obligation.
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Description
This quiz covers the various ways in which obligations can be extinguished under the law, including payment or performance, loss of the thing due, condonation or remission of debt, confusion or merger of rights, compensation, novation, annulment, rescission, fulfillment of resolutory condition, prescription, and other causes. It also delves into the concept of payment and its broader meaning beyond just the delivery of money.
