Exam 8: Loans, Fraud, Liability, and Sale of Land

Pedro promised to give Jose an orchard planted with mango trees on November 30, 2005. Before November 30, 2005, what right does Jose have over the orchard?

On June 5, 2000, Jose Dizon was supposed to deliver to Ruben Samia a specified red car. There was no delivery however, on said date. On June 15, 2000, the garage of the car collapsed because of an earthquake and the car was totally destroyed. Is Jose Dizon liable?

Pedro offered to sell to Marita a purported diamond ring which actually was a stone of inferior quality. Believing it to be a genuine diamond ring, Marita bought and paid for the ring. If later on, Marita discovers the misrepresentation, Marita may:

S and B entered into a sale of a four-hectare land for ₱1 million. S prepared the Deed of Sale and with fraudulent intent and taking advantage of B'' failing eyesight changed the area of the land to reflect an area less than what had been agreed upon. The remedy of B upon discovery of the fraud is,

Mr. Debtor executed a promissory note in favor of Mr. Creditor in the amount of ₱100, 000. The debt is secured by a pledge on a ring owned by Mr. Debtor. Which among the following is most likely correct?

In order that fraud may make a contract void able:

Which among the following is not an essential element of an obligation?

Which of the period in the following cases is intended for the benefit of the debtor?

Gody obtained a loan from Eusebio in the amount of Ph₱10,000.00 payable on June 30, 2005 plus 10% interest. On January 2, 2005, Gody won Ph₱100, 000.00 in a bingo game and he offered to pay Ph₱10,000.00 to Eusebio. Eusebio refused to accept the payment offered by Gody. Which of the following statements is correct?

Which of the following statements is correct?

Pedro receives a package via Federal Express. When he opened the package he realized that the same was delivered to him by mistake and that the real owner thereof is Pablo, his neighbor. The obligation of Pedro to give the package to Pablo arises from

For compensation to be proper, the following must be complied with. Which is the exception?

Which of the following statements is incorrect?

They are lawful, unilateral and voluntary acts that are based on the principle that no one shall be enriched or benefited at the expense of another.

It is the substitution or change of an obligation by another, which extinguishes or modifies the first either changing its object or principal condition, or substituting another in place of the debtor, or subrogating a third in the right of the creditor.

Mr. Robles sold his only car to Mr. Roxas for ₱600,000. There was no agreed date for delivery and payment. The obligation of Mr. Robles as seller is:

The quasi-contract of negotiorum gestio requires the following. Which is the exception?

Seller wrote a letter to Buyer offering to sell a piece of land for ₱500,000. Seller gave Buyer two months to decide and pay the purchase price. Before the lapse of two months, Seller wrote Buyer that the price is now ₱700,000. Buyer insisted on an acceptance for ₱500,000. He wants to compel Seller to execute a deed of sale for the original offer of ₱500,000. May the Seller be compelled to honor the ₱500,000 offer?

A debt has a maturity date of November 1, 2004. Payment was made on November 1, 2005 but demand was made on June 1, 2005. If the debtor is made liable for interest, the interest shall commence to run on

Pedro borrowed money from Jose, payable on November 26, 2005. On the due date of the obligation, Pedro failed to pay. On December 30, 2005, Pedro paid the debt.