3/16/23, 1:34 PM Midterm Exam: Attempt review

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Started on Thursday, 16 March 2023, 11:19 AM

Question 1
Correct

Mark 1.00 out of 1.00

It is the remedy available to the mortgagee by which he subjects the mortgaged property to the satisfaction of the obligation to secure which
the mortgage was given.

Select one:
a. eviction

b. foreclosure
c. compromise

d. shutdown

Your answer is correct.

Question 2
Correct

Mark 1.00 out of 1.00

Republic Act No. 8293 took effect on what date?

Answer: January 1, 1998 

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Question 3

Correct

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It is a contract whereby the debtor secures to the creditor the fulfillment of a principal obligation, specially subjecting to such security
immovable property or real rights over immovable property which obligation shall be satisfied with the proceeds of the sale of said property
or rights in case the said obligation is not complied with at the time stipulated.

Select one:
a. antichresis

b. pledge

c. chattel mortgage

d. real mortgage

Your answer is correct.

Question 4
Correct

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The rights to a trademark shall be 10  years from registration.

Question 5

Correct

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The offeror will report the results of the tender offer by filing with the Commission, not later than _________ calendar days after the
termination of the tender offer, copies of the final amendments to the form.

Select one:
a. 5

b. 10

c. 12

d. 8

Your answer is correct.

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Question 6

Correct

Mark 1.00 out of 1.00

Which is not a security?

Select one:
a. An investment of money

b. Fractional undivided interests in oil, gas or other mineral rights

c. Investment contracts, certificates of interest or participation in a profit sharing agreement, certifies of deposit for a future
subscription.

d. Proprietary or non-proprietary membership certificates in corporations

Your answer is correct.

Question 7
Correct

Mark 1.00 out of 1.00

It may be defined as a relation which exists where one person has undertaken an obligation and another person is also under a direct and
primary obligation or other duty to a third person, who is entitled to but one performance, and as between the two who are bound, the one
rather than the other should perform.

Select one:
a. guaranty

b. pledge

c. mortgage

d. suretyship

Your answer is correct.

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Question 8

Correct

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Mandatory Tender Offer applies to any person who intends to acquire at least _________ over a period of 12 months (previously 30, increased
by the SEC pursuant to Section 72.1 of the SRC) of any class of any equity security of listed corporations or corporations with assets of at least
P50,000,000 and having at least 200 shareholders who each have at least 100 shares .

Select one:
a. 35%

b. 50%

c. 30%

d. 45%

Your answer is correct.

Question 9
Correct

Mark 1.00 out of 1.00

It implies the possession by two or more creditors of equal rights or privileges over the same property or all of the property of a debtor.

Select one:
a. Preference of credits

b. Partnership

c. Co-ownership

d. Concurrence of credits

Your answer is correct.

Question 10
Correct

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It refers to the transfer of possession of the original or a copy of a work or sound recording for a limited period, for non-profit purposes, by
an institution the services of which are available to the public, such as public library or archive.

Answer: Public lending 

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Question 11

Correct

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He is the natural person who has created the work.

Answer: Author 

Question 12
Correct

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The person or the legal entity who or which takes the initiative and has the responsibility for the first fixation of the sound of a performance
or other sounds or the representation of sounds.

Answer: Producer of a sound recording 

Question 13
Correct

Mark 1.00 out of 1.00

By this contract, the creditor acquires the right to receive the fruits of an immovable of his debtor, with the obligation to apply them to the
payment of the interest, if owing, and thereafter to the principal of his credit.

Select one:
a. antichresis

b. real mortgage

c. chattel mortgage

d. pledge

Your answer is correct.

Question 14
Correct

Mark 1.00 out of 1.00

It refers to an information that will affect the price of the security or would influence a person in deciding whether to buy, sell or hold a
security which is not available to the public.

Answer: Material Non-Public Information 

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Question 15

Correct

Mark 1.00 out of 1.00

Which of the following is incorrect?

Select one:
a. mutuum refers only to personal property

b. mutuum is a loan for use or temporary possession

c. commodatum ordinarily involves something not consumable.

d. in mutuum, the subject matter is money or other consumable thing.

Your answer is correct.

Question 16
Correct

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It means any visible sign capable of distinguishing the goods or services of an enterprise and shall include a stamped or marked container of
goods.

Answer: Mark 

Question 17
Correct

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The term of a patent shall be 20  years from the filing date of the application.

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Question 18

Correct

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The Securities and Exchange Commission is composed of a Chairman and __________ Commissioners who are given a 7-year term and has
security of tenure to protect them from political influence.

Select one:
a. 5

b. 7

c. 6

d. 8

Your answer is correct.

Question 19
Correct

Mark 1.00 out of 1.00

Right of the mortgagor in case of judicial foreclosure to redeem the mortgaged property after his default in the performance of the
conditions of the mortgage but before the confirmation of the sale of the mortgaged property.

Select one:
a. Right of redemption

b. neither equity nor right of redemption

c. Both equity and right of redemption

d. Equity of redemption 

Your answer is correct.

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Question 20

Correct

Mark 1.00 out of 1.00

Any transaction in a security which involves no change in the beneficial ownership.

Select one:
a. painting the tape

b. marking the close

c. wash sale

d. matched order

Your answer is correct.

Question 21
Correct

Mark 1.00 out of 1.00

It involves an intensive selling campaign through numerous salesmen by telephone or through direct mail offerings for securities of either a
certain type or from a specific issuer.

Select one:
a. Hype and Dump

b. Squeezing the float

c. Boiler Room Operations 

d. Painting the tape

Your answer is correct.

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Question 22

Correct

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It means that the property must not be subject to any claim of a third person.

Select one:
a. Right to dispose property

b. Free disposal of the property

c. Authority to dispose property

d. Capacity to dispose of property

Your answer is correct.

Question 23
Correct

Mark 1.00 out of 1.00

Reportorial requirements shall apply to an issuer with assets of at least

Select one:
a. P40,000,000

b. P30,000,000

c. P50,000,000

d. P20,000,000

Your answer is correct.

Question 24
Correct

Mark 1.00 out of 1.00

It occurs when an insider in possession of material non-public information buys or sells a security.

Answer: Insider Trading 

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Question 25

Correct

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It is a grant issued by the government to an inventor, designer or maker, the right to exclude others from making, using or selling his
invention, design or utility model within the country for a specific term, in exchange of his patentable disclosure.

Answer: Patent 

Question 26

Correct

Mark 1.00 out of 1.00

Placing of purchase or sale order, at or near the close of the trading period in order to affect the closing price likewise affecting the opening
price the following day.

Select one:
a. Marking the close 

b. Squeezing the float

c. Matched Order

d. Painting the tape

Your answer is correct.

Question 27

Correct

Mark 1.00 out of 1.00

Which is not a characteristic of a contract of pledge?

Select one:
a. consensual

b. accessory

c. subsidiary

d. unilateral

Your answer is correct.

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Question 28

Incorrect

Mark 0.00 out of 1.00

The making, using, offering for sale, selling or importing a patented product or a product obtained directly or indirectly from a patented
process, or the use of a patented process without the authorization of the patentee constitutes

Answer: Infringement 

Question 29

Correct

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It means the transmission by wireless means for the public reception of sounds or of images or of representations thereof.

Answer: Broadcasting 

Question 30
Correct

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It is the making of one or more copies of a work or a sound recording in any manner or form.

Answer: Reproduction 

Question 31
Correct

Mark 1.00 out of 1.00

Selling the security which the vendor does not own and borrowed only from another. This is not illegal per se but only regulated.

Select one:
a. matched order

b. painting the tape

c. short sale

d. wash sale

Your answer is correct.

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Question 32

Correct

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It has been defined as “an establishment which provides lodging and parking and in which the rooms are usually accessible from an outdoor
parking area.”

Select one:
a. Inn

b. Apartment

c. Hotel

d. Motel

Your answer is correct.

Question 33
Correct

Mark 1.00 out of 1.00

The second procedure in the registration for sale and distribution of securities is the payment of the filing fees which shall not exceed 1/10 of
____________ of the aggregate price at which such securities are proposed to be offered.

Select one:
a. 2%

b. 4%

c. 1%

d. 3%

Your answer is correct.

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Question 34

Correct

Mark 1.00 out of 1.00

By this, a person binds himself to the creditor to fulfill the obligation of the principal debtor in case the latter should fail to do so.

Select one:
a. deposit

b. mortgage

c. guaranty

d. loan

Your answer is correct.

Question 35
Correct

Mark 1.00 out of 1.00

It is otherwise known as Republic Act No. 8293, as amended by Republic Act No. 10372.

Answer: Intellectual Property Code of the Philippines 

Question 36
Correct

Mark 1.00 out of 1.00

Which of the following is false?

Select one:
a. Antichresis is a real contract, while pledge is a consensual contract. 

b. Antichresis is perfected by mere consent, while pledge is perfected by the delivery of the thing pledged.

c. Antichresis refers to real property, while pledge, to personal property.

d. Antichresis and pledge are similar in that the debtor loses control of the subject matter of the contract.

Your answer is correct.

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Question 37

Correct

Mark 1.00 out of 1.00

It involves people providing information that the price of any security listed in the exchange will or is likely to rise or fall because of
manipulative market operations of any one or more persons conducted for the purpose of raising or depressing the price of the security and
thus inducing the purchase or sale of such security.

Select one:
a. Making False or Misleading Statements

b. Circulating or Disseminating Information On Share Price Movement 

c. Pegging or Fixing or Stabilizing the price of security

d. Short Sale

Your answer is correct.

Question 38
Correct

Mark 1.00 out of 1.00

Design patent requires novelty and ornamentality.

Select one:
True 

False

Question 39
Correct

Mark 1.00 out of 1.00

Guaranty required by a court to guarantee the eventual right of one of the parties in a case.

Select one:
a. legal

b. judicial

c. personal

d. real

Your answer is correct.

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Question 40

Correct

Mark 1.00 out of 1.00

Loan where the bailor delivers to the bailee a non-consumable thing so that the latter may use it for a certain time and return the identical
thing

Select one:
a. simple loan

b. mutuum

c. none of the choices

d. commodatum

Your answer is correct.

Question 41
Correct

Mark 1.00 out of 1.00

The rights in a mark shall be acquired through

Answer: Registration 

Question 42
Correct

Mark 1.00 out of 1.00

Which is not one of the similarities between chattel mortgage and pledge?

Select one:
a. Both are constituted only on personal property.

b. Both are divisible.

c. Both constitute a lien on the property.

d. Both are executed to secure performance of a principal obligation.

Your answer is correct.

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Question 43

Correct

Mark 1.00 out of 1.00

Deposit wherein the delivery is made by the will of the depositor or by two or more persons each of whom believes himself entitled to the
thing deposited

Select one:
a. none of the choices

b. judicial

c. necessary

d. voluntary

Your answer is correct.

Question 44
Correct

Mark 1.00 out of 1.00

It is a contract whereby one of the parties delivers to another money or other consumable thing with the understanding that the same
amount of the same kind and quality shall be paid.

Select one:
a. None of the choices

b. Commodatum

c. Precarium

d. Mutuum

Your answer is correct.

Question 45
Correct

Mark 1.00 out of 1.00

It means the name or designation identifying or distinguishing an enterprise.

Answer: Trade name 

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Question 46

Correct

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He is a person whose relationship or former relationship to the issuer gives or gave him access to material non-public information.

Answer: Insider 

Question 47
Correct

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It is a contract by virtue of which the debtor delivers to the creditor or to a third person a movable or document evidencing incorporeal rights
for the purpose of securing the fulfillment of a principal obligation with the understanding that when the obligation is fulfilled, the thing
delivered shall be returned with all its fruits and accessions.

Select one:
a. Mortgage

b. Guaranty

c. Pledge

d. Loan

Your answer is correct.

Question 48

Correct

Mark 1.00 out of 1.00

Actors, singers, musicians, dancers and other persons who act, sing, declaim, play in, interpret or otherwise perform literary and artistic work.

Answer: Performers 

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Question 49

Correct

Mark 1.00 out of 1.00

It is constituted from the moment a person receives a thing belonging to another, with the obligation of safely keeping it and of returning
the same.

Select one:
a. mortgage

b. loan

c. deposit

d. pledge

Your answer is correct.

Question 50
Correct

Mark 1.00 out of 1.00

One which, although it lacks the proper formalities or other requisites of a mortgage required by law, nevertheless reveals the intention of
the parties to burden real property as a security for a debt, and contains nothing impossible or contrary to law.

Select one:
a. legal

b. voluntary

c. judicial

d. equitable

Your answer is correct.

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