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1st Quiz

The document contains 10 statements related to legal and financial scenarios. Statement 4 indicates that a person who is criminally liable is also civilly liable. Statement 6 accurately states that a natural obligation cannot be enforced in courts. Statement 10 correctly says that a debtor's failure to pay a loan due to a typhoon does not extinguish the obligation to pay.

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Robert Manto
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222 views1 page

1st Quiz

The document contains 10 statements related to legal and financial scenarios. Statement 4 indicates that a person who is criminally liable is also civilly liable. Statement 6 accurately states that a natural obligation cannot be enforced in courts. Statement 10 correctly says that a debtor's failure to pay a loan due to a typhoon does not extinguish the obligation to pay.

Uploaded by

Robert Manto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1. Sheldon Cooper is a scholar of Pilgrim Christian College.

On his second year in BS Accountancy,


he died. As a rule, Sheldon’s scholarship grant may be transmitted to his brother Leonard
Hofstadter. FALSE
2. Jennie has a 1 million loan from Lisa. Since Jennie has no intention to pay Lisa, Jennie sold all her
properties to Jisoo and Rose. Jisoo and Rose know about Jennie’s loan from Lisa and Jennie’s
fraudulent intention to escape liability. To recover payment of the loan, Lisa may file an action in
court to cancel the sale of the properties of Jennie to Jisoo and Rose. TRUE
3. Since Steph’s has not entered the palyoffs this year, he became broke. Thus, he borrowed 1
million USD from Lebron, which is due on September 31, 2020. When the due date arrives and
Steph does not pay, is Steph considered in delay on November 1, 2020? NO
4. A person criminally liable is also civilly liable. TRUE
5. Ulrich Nielsen is an owner of a fleet of taxi cabs all around the city. He hired Bernd Doppler as a
driver of his Toyota Vios 2020 taxi. Ulrich is not aware that Bernd is an ex-convict. On the day
that Bernd was hired, he recently got out of prison for a crime of reckless imprudence resulting
to homicide. One week after, Bernd smashes the taxi cab to four (4) pedestrians at Pabayo
Street. Three of four pedestrians died. Since Bernd has no money, the heirs of the victim sought
recovery of damages to Ulrich. Meanwhile, Ulrich denied liability since he is merely the owner of
the car and he has no knowledge that Bernd is an ex-convict. Is his defense valid? NO
6. A natural obligation cannot be enforced in the courts. TRUE
7. If the debtor fails to perform an obligation to do, the creditor may compel the debtor to comply
with the obligation.
8. Which of the following is a determinate thing?
9. Cardo Dalisay bought a parcel of land from Don Emilio. Cardo was led to believe that he would
be purchasing a land with a clean title (no encumberance or defects). However, after the sale
was completed and Cardo was about to register the transfer of the title to his name, he found
out that the parcel of land was previously mortgage to Lucas Cabrera. This is an example of
fraud in the performance of the obligation. FALSE
10. When a debtor fails to fulfill his obligation to pay a loan due to a typhoon, the obligation to pay
the loan is extinguished. FALSE

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