MIDTERM EXAM (Business Law)
MIDTERM EXAM (Business Law)
MIDTERM EXAM (Business Law)
NAME:__________________________ SCORE:______________
STRICTLY NO ERASURES
I-TRUE OR FALSE (2PTS EACH)
________1. From the viewpoint of the prestation, obligation may either be personal or real.
________2. Obligations arising from law are (not) presumed. Only those expressly determined in this Code or in
special laws are demandable.
________3. Damages are harm, hurt, or loss one acquires from an injury.
________4. If damage result from a person’s exercising his own legal rights, it is called damnum absque injuria or
damage without injury.
________5. Guardians not being liable for damages caused by the rumors or incapacitated persons who are under
their authority and live in their company is an example of quasi-delict.
________6. If a party allege some defect in a contract as a reason for invalidating it, it must be proved by him by
convincing evidence.
________7. Solutio Indebiti applies when payment is made through mistake.
________8. Delicts are not as broad as quasi-delicts because the former are punished only if there is a penal law
clearly covering them, while the latter include all acts in which any kind of negligence intervene.
________9. A legal tie is also called Vinculum Juris.
________10. In a quasi-contract, there is no consent but the same is supplied by fiction of law.