In which stage of contract is consent between the parties not yet present?
Anonymous Quiz
86%
Conception stage
2%
Perfection stage
5%
Consummation stage
8%
None of the above
D borrowed P100,000 cash from C and signed a one-year interest bearing promissory note with 24% interest per annum. At the maturity date of the note, C refused to pay the P24,000 interest and invoked that the legal interest is only 6% per annum. What principle of contract requires D to pay the agreed rate of 24% interest per annum?
a. Obligatory force of contract
b. Mutuality of contract
c. Relativity of contract
d. Autonomy of contract
a. Obligatory force of contract
b. Mutuality of contract
c. Relativity of contract
d. Autonomy of contract
R enrolled in a Review Center for a face to face review. Due to the pandemic, the face to face review agreed by the contracting parties becomes legally impossible. R demanded for the refund of his tuition fees on the ground of fortuitous event. However, instead of refunding the whole tuition fees, the Review Center insisted on returning only the 50% of the fees and asked R to attend the online review class. However, R disagreed with the proposal. Despite R’s objection, the Review Center proceeded with the online review class and returned only 50% of the fees to R. What principle of contract is violated by this action of the Review Center?
a. Obligatory force of contract
b. Mutuality of contract
c. Relativity of contract
d. Autonomy of contract
a. Obligatory force of contract
b. Mutuality of contract
c. Relativity of contract
d. Autonomy of contract
E is an employee of a big auditing firm. E was granted a signing bonus amounting to P1,000,000 by the auditing firm for topping the CPALE. The contract of employment provides that E must stay in the firm for a period of at least one year. In case he failed to stay for at least one year in the firm, he must return the said signing bonus to the firm. E voluntarily agreed to such stipulation. What principle of contract allows E and his employer to enter to make such provision in the contract of employment?
a. Obligatory force of contract
b. Mutuality of contract
c. Relativity of contract
d. Autonomy of contract
a. Obligatory force of contract
b. Mutuality of contract
c. Relativity of contract
d. Autonomy of contract
Except in case of property regime regarding marriage settlement, what shall govern the relationships, rights and obligations of husband and wife who validly entered into a contract of marriage?
Anonymous Quiz
21%
Provisions of pre-nuptial agreement
77%
Provisions of Family Code of the Philippines
1%
Customs in the Philippines
1%
Provisions of Bible
Which of the following stipulations agreed by the contracting parties is valid?
a. A stipulation allowing the common carrier to exercise a diligence lower than the diligence of good father of a family for the transportation of goods
b. A stipulation allowing the common carrier to exercise a diligence lower than extraordinary diligence for the transportation of passengers
c. A stipulation exempting hotel-keepers from liability in case of loss of things brought inside the hotel by the guests
d. A stipulation prohibiting an audit manager of auditing firm from transferring to a major competitor in the NCR for a maximum period of 3 years
a. A stipulation allowing the common carrier to exercise a diligence lower than the diligence of good father of a family for the transportation of goods
b. A stipulation allowing the common carrier to exercise a diligence lower than extraordinary diligence for the transportation of passengers
c. A stipulation exempting hotel-keepers from liability in case of loss of things brought inside the hotel by the guests
d. A stipulation prohibiting an audit manager of auditing firm from transferring to a major competitor in the NCR for a maximum period of 3 years
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Forwarded from Burgis
RFBT (Revised Corporation Code)
Where shall the denial of the stockholder's right to vote be provided for such denial to be valid?
Where shall the denial of the stockholder's right to vote be provided for such denial to be valid?
Anonymous Quiz
40%
A. By-laws of corporation
47%
B. Articles of Incorporation and certificate of stock
11%
C. Minutes of meetings
2%
D. Financial statements
Forwarded from work in progress
RFBT (Social Security Law)
Under the Social Security Act, a sole proprietor is considered as:
Under the Social Security Act, a sole proprietor is considered as:
Anonymous Quiz
25%
An employer
6%
An employee
56%
Both an employer and an employee
13%
Neither an employer nor an employee
Forwarded from work in progress
RFBT (Social Security Law)
Compensable confinement shall be for a minimum period of:
Compensable confinement shall be for a minimum period of:
Anonymous Quiz
21%
More than three days
38%
At least one week
6%
More than one week
35%
At least three days
Forwarded from work in progress
RFBT (Labor Law)
It is an additional pay granted to covered employee for services rendered on holidays and rest days.
It is an additional pay granted to covered employee for services rendered on holidays and rest days.
Anonymous Quiz
4%
Bonus
13%
Incentives
69%
Holiday pay
14%
Differential Compensation
RFBT QUIZZER pinned «Which of the following essential elements of an obligation refers to the object that must be rendered by the proper party?»
It is an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.
Anonymous Quiz
99%
Corporation
1%
Cooperative
0%
Partnership
0%
Joint Venture
The following are the attributes of a private corporation, except?
Anonymous Quiz
11%
It requires not more than fifteen (15) incorporators or founders under RA 11232.
80%
It has no personality separate and distinct from its owners.
3%
It enjoys the right of succession.
6%
Its power to do business and manage its affairs is vested in board of directors or board of trustees
How may a corporation be created under Philippine setting?
Anonymous Quiz
4%
In case of private corporation, by operation of general corporation law particularly the (BP 68)
10%
In case of public corporation, by law or enactment of special law.
78%
Either A or B.
2%
By mere consent of the contracting partie
7%
None of choices
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As an artificial being, which of the following constitutional rights is not available to a corporation?
Anonymous Quiz
0%
Right to due process of law
2%
Right to equal protection of the law.
12%
Right against unreasonable searches and seizures
86%
Right against self-incrimination
Which of the following statements concerning the implications of being an artificial being of a corporation is correct?
a. As a general rule, a corporation is not entitled to moral damages because, not being a natural person, it cannot experience physical suffering or sentiments like wounded feelings, serious anxiety, mental anguish and moral shock except when a corporation has a reputation that is debased, resulting in its humiliation in the business realm particularly in the case of libel or defamation.
b. As a general rule, a corporation cannot be held liable for a crime because of impossibility of imposing the penal sanction of imprisonment and because a crime committed in the name of corporation is actually committed by the individuals who act for and in behalf of such corporation. However, it may become liable for fines to be imposed in the criminal action.
c. Both A and B.
d. Neither A nor B.
a. As a general rule, a corporation is not entitled to moral damages because, not being a natural person, it cannot experience physical suffering or sentiments like wounded feelings, serious anxiety, mental anguish and moral shock except when a corporation has a reputation that is debased, resulting in its humiliation in the business realm particularly in the case of libel or defamation.
b. As a general rule, a corporation cannot be held liable for a crime because of impossibility of imposing the penal sanction of imprisonment and because a crime committed in the name of corporation is actually committed by the individuals who act for and in behalf of such corporation. However, it may become liable for fines to be imposed in the criminal action.
c. Both A and B.
d. Neither A nor B.
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