Regulatory Framework for Business Transactions Quiz
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Questions and Answers

Which one of the following refers to a type of novation which involves the transfer of all the rights of the creditor to a third person, who substitutes him in all his rights?

  • A. Delegacion
  • D. Dacion en Pago
  • C. Subrogation (correct)
  • B. Expromission
  • What is the mode of extinguishing the concurrent obligations of those persons who in their own right are reciprocally debtors and creditors of each other?

  • C. Merger
  • D. Remission
  • B. Novation
  • A. Compensation (correct)
  • What is the period of extinctive prescription for filing a civil action arising from negotiorum gestio or solutio indebiti?

  • D. 10 years
  • B. 6 years (correct)
  • C. 5 years
  • A. 4 years
  • Which act governs a special form of payment whereby the debts of an insolvent debtor are addressed?

    <p>A. Financial Rehabilitation and Insolvency Act of 2010</p> Signup and view all the answers

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