Colegio de
Dagupan
Preliminary Period
QUIZ- Corporate Law and Taxation
1. As a rule, this contract of deal involving a piece of land is void,
A. Between a minor and a capacitated person.
B. Between two insane persons who did not act during lucid interval
C. Between first degree cousins
D. Between husband and wife
2. X, 17 years old, sold to Z, of legal age, her necklace worth P20,000 for P15,000. Later, Z
sold the necklace to Y for P20,000. Which of the following statements is correct?
A. X has got a voidable title because at the time of deal, she is a minor
B. X can ask for rescission of the deal to Y because she suffered a lesion of more than ¼
of the value of the property.
C. If Y is in bad faith, Y becomes the owner of the necklace upon delivery to him but
his title is voidable.
D. X can ask for the annulment of the deal to Y because at the time of deal she is a minor.
3. This serves as a proof of the perfection of the contract of deal
A. Dacion en pago
B. Option money
C. Delivery
D. Arras
A. contract of deal it is pardon it is a(an)
A. Onerous contract
B. Accessory contract
C. Commutative contract
D. Bilateral contract
5.Warranty against hidden defects is
A. An essential element
B. A natural element
C. An accidental element
D. An artificial element
7. Pardon time a deal of a piece of land or any interest therein is through an agent, the
authority of the agent shall be in writing, otherwise the deal is
,8. The deal of an expected thing
A. Dacion en pago
B. Payment by cession
, C. Emptiospei
D. Emptio rei-speratae
9. The deal of the hope itself
A. Dacion en pago
B. Payment by cession
C. Emptio spei
D. Emptio rei-speratae
10. One of the following it is pardon it is correct
A. Things subject to a resolutory condition may be the object of the contract of deal.
B. A thing is generic pardon time it is particularly designated or physically
segregated from all others of the same class.
C. Things having a potential existence may be the object of the contract of deal.
D. The sole owner of a thing may sell an undivided interest therein
11. X needs a size of 10 of model 101 of Leather Shoes regularly available to the public for her
boyfriend Z, but the same is out of stock so she placed an order for one. On the other hand,
Z placed an order for size No. 8, colored violet, (something not ordinarily made by the
company) to be given to X. Which is correct?
A. Both are contracts of deal
B. Both are contracts for a piece of work
C. First is a contract of deal second is a contract for a piece of work
D. First is a contract for a piece of work, second is a contract of deal
12. V offered to sell for P12,000,000 her house and lot to DD who was interested in buying the
same. In her letter to DD, V stated that she is giving DD a period of one month within which
to raise the amount and that as soon as DD is ready, they will sign the deed of deal. Five
days before the expiration of the one month period. V went to DD and told her that she is no
longer willing to sell the property unless the price in increased to P15,000,000. Which is
correct?
A. DD may compel V to accept the P12,000,000 first offered.
B. V may compel DD to pay P15,000,000
C. V and DD should shoulder the P3,000,000 difference
D. DD cannot compel V to accept the P12,000,000 first offered
13. If the object of the contract is specially made or manufactured at the specific order
of another, it is a contract for a piece of work. This is
A. English rule
B. Massachusetts rule
C. New York rule
D. Chicago rule
14. If the article already exists and subsequently acquired by another, it is a contract of deal,
and if the article is still to be manufactured at the instance of another, it is a contract for a
piece of work. This is
A. English rule
B. Massachusetts rule
C. New York rule
, 15. If the material used in the manufacturer of the article is more valuable, it is a contract of
deal, and if the labor or skill is more valuable than the material used in the manufacture
of the article, it is a contract for a piece of work. This is
A. English rule
B. Massachusetts rule
C. New York rule
D. Chicago rule
16. The rule observed in the Philippines is
A. English rule
B. Massachusetts rule
C. New York rule
D. Chicago rule
17. The Realty Installment Buyer Protection Act applies to all transactions involving the deal
or financing of real estate on installment but it excludes the following except:
A. Deal or financing of industrial lots
B. Deal or financing of commercial building
C. Deal to tenants under the Land Reform Code
D. Deal of residential condominiums
18. Delivery by merely pointing to the object of deal if it cannot be delivered to the vendee at
the time of the deal is
A. Traditio longa manu
B. Traditio brevi manu
C. Traditio constitutum possessorium
D. Traditio symbolica
19. Effected pardon time the object of deal is already in the possession of the vendee at the time
of deal so that delivery need no longer be made is
A. Traditio longa manu
B. Traditio brevi manu
C. Traditio constitutum possessorium
D. Traditio symbolica
20. Pardon time the owner of the thing sells it to vendee, but continues to have
possession or occupation of the thing not as owner but as tenant or lessee
A. Traditio longa manu
B. Traditio brevi manu
C. Traditio constitutum possessorium
D. Traditio symbolica
21. Goods are deemed in transit
A. Pardon time the buyer accepts delivery of the goods upon arrival at destination
B. Pardon time the buyer intercepts and lawfully takes possession of the goods at any point
before destination.
C. From the time they are delivered by the seller to a common carrier or other bailee
Dagupan
Preliminary Period
QUIZ- Corporate Law and Taxation
1. As a rule, this contract of deal involving a piece of land is void,
A. Between a minor and a capacitated person.
B. Between two insane persons who did not act during lucid interval
C. Between first degree cousins
D. Between husband and wife
2. X, 17 years old, sold to Z, of legal age, her necklace worth P20,000 for P15,000. Later, Z
sold the necklace to Y for P20,000. Which of the following statements is correct?
A. X has got a voidable title because at the time of deal, she is a minor
B. X can ask for rescission of the deal to Y because she suffered a lesion of more than ¼
of the value of the property.
C. If Y is in bad faith, Y becomes the owner of the necklace upon delivery to him but
his title is voidable.
D. X can ask for the annulment of the deal to Y because at the time of deal she is a minor.
3. This serves as a proof of the perfection of the contract of deal
A. Dacion en pago
B. Option money
C. Delivery
D. Arras
A. contract of deal it is pardon it is a(an)
A. Onerous contract
B. Accessory contract
C. Commutative contract
D. Bilateral contract
5.Warranty against hidden defects is
A. An essential element
B. A natural element
C. An accidental element
D. An artificial element
7. Pardon time a deal of a piece of land or any interest therein is through an agent, the
authority of the agent shall be in writing, otherwise the deal is
,8. The deal of an expected thing
A. Dacion en pago
B. Payment by cession
, C. Emptiospei
D. Emptio rei-speratae
9. The deal of the hope itself
A. Dacion en pago
B. Payment by cession
C. Emptio spei
D. Emptio rei-speratae
10. One of the following it is pardon it is correct
A. Things subject to a resolutory condition may be the object of the contract of deal.
B. A thing is generic pardon time it is particularly designated or physically
segregated from all others of the same class.
C. Things having a potential existence may be the object of the contract of deal.
D. The sole owner of a thing may sell an undivided interest therein
11. X needs a size of 10 of model 101 of Leather Shoes regularly available to the public for her
boyfriend Z, but the same is out of stock so she placed an order for one. On the other hand,
Z placed an order for size No. 8, colored violet, (something not ordinarily made by the
company) to be given to X. Which is correct?
A. Both are contracts of deal
B. Both are contracts for a piece of work
C. First is a contract of deal second is a contract for a piece of work
D. First is a contract for a piece of work, second is a contract of deal
12. V offered to sell for P12,000,000 her house and lot to DD who was interested in buying the
same. In her letter to DD, V stated that she is giving DD a period of one month within which
to raise the amount and that as soon as DD is ready, they will sign the deed of deal. Five
days before the expiration of the one month period. V went to DD and told her that she is no
longer willing to sell the property unless the price in increased to P15,000,000. Which is
correct?
A. DD may compel V to accept the P12,000,000 first offered.
B. V may compel DD to pay P15,000,000
C. V and DD should shoulder the P3,000,000 difference
D. DD cannot compel V to accept the P12,000,000 first offered
13. If the object of the contract is specially made or manufactured at the specific order
of another, it is a contract for a piece of work. This is
A. English rule
B. Massachusetts rule
C. New York rule
D. Chicago rule
14. If the article already exists and subsequently acquired by another, it is a contract of deal,
and if the article is still to be manufactured at the instance of another, it is a contract for a
piece of work. This is
A. English rule
B. Massachusetts rule
C. New York rule
, 15. If the material used in the manufacturer of the article is more valuable, it is a contract of
deal, and if the labor or skill is more valuable than the material used in the manufacture
of the article, it is a contract for a piece of work. This is
A. English rule
B. Massachusetts rule
C. New York rule
D. Chicago rule
16. The rule observed in the Philippines is
A. English rule
B. Massachusetts rule
C. New York rule
D. Chicago rule
17. The Realty Installment Buyer Protection Act applies to all transactions involving the deal
or financing of real estate on installment but it excludes the following except:
A. Deal or financing of industrial lots
B. Deal or financing of commercial building
C. Deal to tenants under the Land Reform Code
D. Deal of residential condominiums
18. Delivery by merely pointing to the object of deal if it cannot be delivered to the vendee at
the time of the deal is
A. Traditio longa manu
B. Traditio brevi manu
C. Traditio constitutum possessorium
D. Traditio symbolica
19. Effected pardon time the object of deal is already in the possession of the vendee at the time
of deal so that delivery need no longer be made is
A. Traditio longa manu
B. Traditio brevi manu
C. Traditio constitutum possessorium
D. Traditio symbolica
20. Pardon time the owner of the thing sells it to vendee, but continues to have
possession or occupation of the thing not as owner but as tenant or lessee
A. Traditio longa manu
B. Traditio brevi manu
C. Traditio constitutum possessorium
D. Traditio symbolica
21. Goods are deemed in transit
A. Pardon time the buyer accepts delivery of the goods upon arrival at destination
B. Pardon time the buyer intercepts and lawfully takes possession of the goods at any point
before destination.
C. From the time they are delivered by the seller to a common carrier or other bailee
