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Exam (elaborations)
Law 1 Final Exam
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---10August 20232023/2024A+
- Law 1 Final Exam 
 
Corn that fills County Grain Co-op's silo is fungible if the corn is 
c. alike naturally, by agreement, or by trade usage. 
Ralph, a representative for Statewide Truck & Transport Company, delivers a warehouse receipt to Thelma, the owner of United Storage Warehouse. A warehouse receipt is 
c. a receipt issued by a warehouser for goods in a warehouse. 
Brad leaves an iPod at Computer Sales & Repair (CSR) to have the battery replaced. CSR sells the iPod to Doris, who does not...
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Exam (elaborations)
Test Bank Law 1 Cpar.
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---26July 20232022/2023A+
- 1.The following are the requisites of an obligation, except 
A. Passive and active subject 
B. Prestation 
C. Efficient cause 
D. Demand 
2.The right of the creditor that is enforceable against a definite debtor is 
A. Real right 
B. Natural right 
C. Moral right 
D. Personal right 
3. Which of the following is a civil obligation? 
A. X obliges himself to pay Y P10,000 on October 30, 2009. 
B. A is a debtor of B for P20,000 due on September 30, 1995. 
C. The obligation of a husband and wife to o...
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Class notes
BUSINESS LAW 1 FULL MODULE
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---30November 20222022/2023
- In summary therefore, law is an aggregate of conglomeration of rules 
enforced by courts of law at a given time. 
Rules of law originate from acts of parliament, customary and religious 
practises of the people, they may also be borrowed from other countries. 
Law and Morality 
Morality consists of prescriptions of the society and is not enforceable, 
however, rules of law are enforceable. Wrongs in society are 
contraventions of either law or morality or both. 
However, law incorporates a signi...
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