Question 1

What is a contract of precarium?

Accepted Answer

A) It is a contract by virtue of which a person called the guarantor, binds himself to the creditor to fulfill the obligation of the principal debtor in case the latter should fail to do so. 
B) It is a contract by virtue of which a person binds himself solidarily with the principal debtor to fulfill the obligation. 
C) It is an accessory, real and unilateral contract by virtue of which the debtor or a third person delivers to the creditor or to a third person movable property as security for the performance of the principal obligation. 
D) It is a contract of commodatum where the bailor has the right to demand the return of the thing which is the object of the contract at will. 
A) It is a contract by virtue of which a person called the guarantor, binds himself to the creditor to fulfill the obligation of the principal debtor in case the latter should fail to do so. 
B) It is a contract by virtue of which a person binds himself solidarily with the principal debtor to fulfill the obligation. 
C) It is an accessory, real and unilateral contract by virtue of which the debtor or a third person delivers to the creditor or to a third person movable property as security for the performance of the principal obligation. 
D) It is a contract of commodatum where the bailor has the right to demand the return of the thing which is the object of the contract at will.

Question 2

A entered into a contract of loan with a bank. They stipulated that if there will be a law or BSP circular that will allow the increase in the interest rate, the bank will increase it. Is the stipulation valid?

Accepted Answer

A) Yes, because of the principle of liberty of contracts. 
B) Yes, because of the principle of mutuality of contracts. 
C) No, considering that there is no corresponding de-escalation clause. 
D) Yes, because the increase is not unilateral. 
A) Yes, because of the principle of liberty of contracts. 
B) Yes, because of the principle of mutuality of contracts. 
C) No, considering that there is no corresponding de-escalation clause. 
D) Yes, because the increase is not unilateral.

What is a contract of precarium?

A entered into a contract of loan with a bank. They stipulated that if there will be a law or BSP circular that will allow the increase in the interest rate, the bank will increase it. Is the stipulation valid?

Succession and Probate Law

Inheritance, Property and Ownership Laws

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Philippine Laws and Marriage

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Contractual and Partnership Issues

Legal and Contractual Obligations

Loans, Fraud, Liability, and Sale of Land

Obligation Scenarios in Civil Law

Legal Obligations and Their Application

Family and Marriage Law: Marriage, Divorce, Inheritance, and Property Rights

Family Law: Filiation, and Custody

Family Law: Marital Issues, Adoption, and Property Relations

Property Ownership and Rights

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Donation, Probate, and Reserva Troncal in Philippine Law

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Contracts of Sale and Property Ownership

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Exam 22: Contractual Obligations and Liabilities

What is a contract of precarium?

A entered into a contract of loan with a bank. They stipulated that if there will be a law or BSP circular that will allow the increase in the interest rate, the bank will increase it. Is the stipulation valid?

Succession and Probate Law

Inheritance, Property and Ownership Laws

Property and Family Law

Philippine Laws and Marriage

Legal and Contractual Queries

Contractual and Partnership Issues

Legal and Contractual Obligations

Loans, Fraud, Liability, and Sale of Land

Obligation Scenarios in Civil Law

Legal Obligations and Their Application

Family and Marriage Law: Marriage, Divorce, Inheritance, and Property Rights

Family Law: Filiation, and Custody

Family Law: Marital Issues, Adoption, and Property Relations

Property Ownership and Rights

Legal Issues in Property Ownership and Easements

Donation, Probate, and Reserva Troncal in Philippine Law

Inheritance and Probate Law

Contractual and Legal Issues

Contractual Obligations and Remedies

Contracts of Sale and Property Ownership

Legal Contracts, Partnerships, and Agency Law

Legal Liability and Damages

Land Ownership and Registration Issues

Filters