Contracts and Obligations

1.Delay will exist even without demand in the following cases (Art. 1169).

EXCEPT:

• A. When the law so provides.

• B. When the obligation expressly so declares

• C. When time is of essence of the contract.

• D. When both debtors and creditors are in delay.

2. It is a meeting of minds?

• A. Principles

• B. Obligation

• C. Contract

• D. Agreement

3. It is the omission of that diligence which is required by the nature of the obligation and corresponds with the circumstances of the person ,time and place. (Art 1173)

• A. Fraud

• B. Delay

• C. Default

• D. Negligence

4. What does article 1318 talk about?

• A. As a rule, contracts are perfected by mere consent

• B. The contracting parties are bound by the contract they have entered into

• C. The contracting parties must have clearly and deliberately conferred a favor of a third person

• D. A mere incidental benefit or interest of a person is not sufficient

5. These damages are more than nominal but less than compensatory damages but may be recovered if the court finds that some pecuniary loss has been suffered but its amount cannot, from the nature of the case, be proved with certainty. (Art. 2224)

• A. Nominal

• B. Actual

• C. Temperate

• D. Moral

6. What do you mean by civil code?

• A. A Codification of private law relating to property, family, and obligations

• B. An act or course of action to which a person is morally or legally bound; a duty or commitment

• C. A separate clause or paragraph of a legal document or agreement, typically one outlining a single rule or regulation.

• D. A course or principle of action adopted or proposed by a government, party, business, or individual.

BONUS QUESTION!

7. What is our main topic today?

• A. General Principle about Contracts and Obligations

• B. General Principle about Debtors and Creditors

• C. General Principles about Special Obligations

• D. General Principles about Agreements

4. How many basic principles about contracts do we discussed?

• A. 10

• B. 7

• C. 12

• D. 8

5. Event which cannot be foreseen, or which though foreseen, is inevitable.

• A. Fortuitous Event

• B. Fortiutous Event

• C. Fortiutuos Event

• D. Fortuituos Event

5. It is the Latin word of a contract?

• A. Contractus

• B. Obligationem

• C. Advocatus

• D. Computare