1.
Manny is obliged to give Jinky a specific Louis Vitton bag, a specific Hermes bike, or a specific
Rolex Rainbow Daytona watch. It was agreed that Jinky has the right to choose. If the Louis
Vitton bag is lost due to a fortuitous event, which of the following is not true?
a. Manny is obliged to give the Hermes bike or the Rolex watch
b. Manny is not obligated to pay damages for the loss of the Louis Vitton bag
c. Jinky may collect the value of the Louis Vitton bag from Manny
d. Jinky may demand delivery of the Hermes bike
2. Manny is obliged to give Jinky a specific Hermes bike, or a specific Rolex Rainbow Daytona watch
as a substitute. Which of the following is true?
a. Before substitution, Manny is obliged to give the Rolex watch
b. Before substitution, Manny is obliged to pay the value of Rolex watch in case it is lost
due to his fault
c. After substitution, Manny is obliged to give the Rolex watch
d. After substitution, Manny is obliged to give the Hermes bike
3. An obligation with an impossible condition, the whole obligation is void. FALSE
4. X is obliged to give Z a house and lot as soon as Z passes the CPA Board exam. After 5 years, Z
passed the CPA Board exam. At that time, the overall condition of the house deteriorated due to
ordinary wear and tear. Hence, X is obliged to give Z the house and lot and payment for
damages. FALSE
5. Julia is obliged to give Gerald a car when Bea dies. This is an obligation with a period. TRUE
6. In March 2020, Ko moon-young is indebted to Moon Gang-tae of the amount of P10 million,
payable annually for ten (10) years or until March 2030. In September 2020, Ko moon-young
sold all her properties to her friends and relatives, leaving no property to herself. Thus, Moon
Gang-tae filed a case in court to rescind all the contracts that Ko moon-young entered and
demand payment of the P10 million loan. Moon Gang-tae argued that Ko moon-young did the
same to avoid payment of her debt to him. Meanwhile, Ko moon-young countered that her
obligation to Moon Gang-tae has not yet became due and demandable since it is a 10-year loan
payable annually. Who is right?
7. A, B, and C are equally and solidarily obligated to deliver a specific car worth P900,000 to X.
However, before it was delivered to X, C drove the car while he was drunk and smashed it
against an electrical post. Luckily, C survived and admitted in the hospital. Meanwhile, the car is
beyond repair. X sought reimbursement of the value of the car plus damages. Which of the
following is true?
a. A may pay P900,000 plus damages to X, subject to reimbursement from B and C
b. A may pay P600,000 plus damages to X, since C is still in the hospital
c. B is liable to pay P300,000 plus damages to X
d. C is liable to pay the P900,000 plus damages to X
8. As a rule, the debtor may exempt himself from the performance of the obligation by paying the
penalty stipulated by the parties. FALSE
9. A, B, and C, solidary debtors in equal amounts, borrowed P90,000 from X. Which of the
following is not true?
a. X may demand payment of P90,000 from B
b. X may demand payment of P30,000 from A
c. If A pays P60,000, X may recover P30,000 from B
d. If A pays P90,000, then he may seek reimbursement from B and C
10. Castro and Dan are solidary debtors of Mark and Ben, joint creditors, for the amount of
P100,000. Which of the following is false?
a. Castro may be liable for the whole amount of P100,000
b. Mark may collect P100,000 from Dan
c. If Dan pays P50,000 to Ben, Mark may collect P50,000 from Castro
d. If Ben collects P50,000 from Castro, Mark may collect P50,000 from Dan
