Podcast
Questions and Answers
What is the definition of an obligation based on the New Civil Code?
What is the definition of an obligation based on the New Civil Code?
- A social necessity to give, to do or not to do
- A juridical necessity to give, to do or not to do (correct)
- A moral necessity to give, to do or not to do
- An ethical necessity to give, to do or not to do
Which of the following is NOT an essential element of obligations?
Which of the following is NOT an essential element of obligations?
- Object or prestation
- Active subject
- Contractual tie (correct)
- Passive subject
According to the New Civil Code, where do obligations arise from?
According to the New Civil Code, where do obligations arise from?
- Customs and traditions
- Social interactions
- Law, contracts, quasi-contracts, and acts or omissions punished by law (correct)
- Common practices and norms
What are the elements of a cause of action as per the given text?
What are the elements of a cause of action as per the given text?
According to Article 1144, when must the following actions be brought?
According to Article 1144, when must the following actions be brought?
When does a mortgage action prescribe according to Article 1142?
When does a mortgage action prescribe according to Article 1142?
What is the time limit for commencing an action upon an oral contract?
What is the time limit for commencing an action upon an oral contract?
Under which provision of the Civil Code must actions upon a quasicontract be instituted within four years?
Under which provision of the Civil Code must actions upon a quasicontract be instituted within four years?
What is the time limit for filing an action for forcible entry and detainer?
What is the time limit for filing an action for forcible entry and detainer?
What is the definition of a contract according to Civil Code, Art. 1305?
What is the definition of a contract according to Civil Code, Art. 1305?
What is the effect of obligations arising from contracts, according to Art. 1159 of the Civil Code?
What is the effect of obligations arising from contracts, according to Art. 1159 of the Civil Code?
What is the definition of a contract of sale according to Art. 1458 of the Civil Code?
What is the definition of a contract of sale according to Art. 1458 of the Civil Code?
What do obligations derived from quasicontracts ensure, according to the Civil Code?
What do obligations derived from quasicontracts ensure, according to the Civil Code?
Under what principle does negotiorum gestio operate?
Under what principle does negotiorum gestio operate?
When is money paid under the influence of a mistake of fact considered a quasicontract?
When is money paid under the influence of a mistake of fact considered a quasicontract?
Who has an obligation to reimburse Bong on the principle of quasicontract in the given scenario?
Who has an obligation to reimburse Bong on the principle of quasicontract in the given scenario?
What is the purpose of taxation?
What is the purpose of taxation?
Why do credit card and personal loan applications require an income tax return (ITR)?
Why do credit card and personal loan applications require an income tax return (ITR)?
What are the consequences of failing to pay taxes in the Philippines?
What are the consequences of failing to pay taxes in the Philippines?
Who collects national taxes in the Philippines?
Who collects national taxes in the Philippines?
On what income is a Resident Citizen taxed in the Philippines?
On what income is a Resident Citizen taxed in the Philippines?
Which type of individual taxpayer in the Philippines is considered a non-resident alien who is not doing business in the country?
Which type of individual taxpayer in the Philippines is considered a non-resident alien who is not doing business in the country?
What type of income tax applies to minimum wage earners in the Philippines?
What type of income tax applies to minimum wage earners in the Philippines?
Under what tax scheme in the Philippines are certain businesses subject to an 8% tax rate?
Under what tax scheme in the Philippines are certain businesses subject to an 8% tax rate?
What is the Philippine Economic Zone Authority (PEZA) primarily related to?
What is the Philippine Economic Zone Authority (PEZA) primarily related to?
What does the term 'tax' primarily refer to in the context of government finance?
What does the term 'tax' primarily refer to in the context of government finance?
