Obligations Bar Questions: Contracts Quiz and Flashcards 1988-2016

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Questions and Answers

Which of the following best describes the effect of a suspensive condition on an obligation?

It consolidates the juridical relation
It extinguishes the obligation
It imposes immediate fulfillment of the obligation
It creates a hope or expectancy of acquiring rights (correct)

How does the fulfillment of a resolutory condition affect an obligation?

It imposes immediate fulfillment of the obligation
It creates a hope or expectancy of acquiring rights
It extinguishes the obligation (correct)
It consolidates the juridical relation

What is the impact of an unfulfilled suspensive condition on rights?

Rights are not yet acquired, but there is a hope or expectancy to acquire them (correct)
Rights are extinguished
Rights are acquired subject to the threat of extinction
Rights are consolidated

How are rights affected by an unfulfilled resolutory condition?

Rights are acquired subject to the threat of extinction (B) Signup and view all the answers

What is the main difference between suspensive and resolutory conditions with regard to obligations?

Suspensive conditions create a hope or expectancy, while resolutory conditions impose immediate fulfillment (D) Signup and view all the answers

What is the difference between alternative and facultative obligations?

Alternative obligations involve multiple objects or prestations, but only one needs to be performed, while facultative obligations involve the obligation to perform one prestation with a right to choose another as substitute. (D) Signup and view all the answers

In a solidary obligation, what is each debtor bound to do?

Each debtor is bound to render entire compliance with the prestation which constitutes the object of the obligation. (C) Signup and view all the answers

What defines a joint obligation?

A joint obligation involves the concurrence of several creditors or debtors, by virtue of which each creditor has a right to demand only a proportionate part of the credit, while each debtor is liable for the payment of only a proportionate part of the debt. (C) Signup and view all the answers

What characterizes a solidary obligation?

It involves several creditors or debtors, by virtue of which each creditor has a right to demand and each debtor is bound to render entire compliance with the prestation. (D) Signup and view all the answers

How are alternative obligations defined?

As juridical relations which comprehend several objects or prestations which are due, but the payment or performance of one of them would be sufficient. (C) Signup and view all the answers

What are obligations under the Civil Code which give the creditor a right of action in courts of justice to enforce their performance known as?

Civil obligations (A) Signup and view all the answers

What is the Latin word from which the term 'obligation' is derived?

Obligatio (C) Signup and view all the answers

In bilateral obligations, the parties are reciprocally debtors and creditors. What does this mean?

The obligations of one party are contingent on the fulfillment of the other party's obligations. (D) Signup and view all the answers

How does Manresa define the term 'obligation'?

A legal relation established between one party and another (D) Signup and view all the answers

What is the juridical tie in an obligation, according to the text?

The agreement or contract that is the source of the obligation (D) Signup and view all the answers

What aspect of obligation does Article 1156 stress in the Civil Code definition?

Passive aspect (C) Signup and view all the answers

What represents the sum of money given as a compensation for the injury or harm suffered by the creditor for the violation of his rights, according to the text?

Damages (B) Signup and view all the answers

Why is an obligation considered a juridical necessity?

In case of non-compliance, courts can enforce it (A) Signup and view all the answers

What are obligations not based on positive law but on equity and natural law, and do not grant a right of action to enforce their performance known as?

Natural obligations (A) Signup and view all the answers

What does obligation emphasize in its passive aspect?

Duty of the debtor or obligor (B) Signup and view all the answers

Flashcards

Suspensive Condition Effect

It creates a hope or expectancy of acquiring rights.

Resolutory Condition Effect

It extinguishes the obligation.