Legal Aspects Of Sales, Lease And Mortgage / Family Code / Property Mgt

86 Questions  I  By Zaldyt on February 20, 2013
LEGAL ASPECTS OF SALES, LEASE AND MORTGAGE / FAMILY CODE / PROPERTY MGT  TEST EXERCISES...

  

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1.  Finance is the of science of__________________.
A.
B.
C.
D.
2.    Refers to a title formally recognizing the rights of Indigenous Peoples over their Ancestral Lands:
A.
B.
C.
D.
3.  Date of effectivity of Family Code:
A.
B.
C.
D.
4.  To systematically and repeatedly measure a parameter to track changes or establish the baseline or current conditions.
A.
B.
C.
D.
5.  Is a notice to a third persons that someone is claiming an interest on the property or has a better right than the registered owner:
A.
B.
C.
D.
6.  Annotation of Section 4, Rule 74 of the Rules of Court  on the property of a deceased person, a surviving spouse and children, provides that the property shall be subject to the rights of three of the following four. Who among four does no have the right to the subject property?
A.
B.
C.
D.
7.  Which of the following does not form part of on-site activities in a Compliance Audit:
A.
B.
C.
D.
8.    Audits that assess targeted activities, processes or  discharges of the auditee in relation to legislation.
A.
B.
C.
D.
9.  Today property management emerged as a _________________science.
A.
B.
C.
D.
10.  It is a component of the activity/process/discharge that is being investigated for assessing compliance of a condition attached to a regulatory instrument.
A.
B.
C.
D.
11.    It is the delivery and transmission of ownership of a thing by the debtor to the creditor as an accepted equivalent of the performance of the obligation:
A.
B.
C.
D.
12.  Alvin and Iris executed a marriage settlement specifying that  the regime of separation of property shall govern  their property relations during marriage. They are married in proper ceremonies on  December 1, 1988. Under the Family  Code, which of the following systems shall govern their property relations during the marriage?
A.
B.
C.
D.
13.  Which below to be effected when foreign ownership exceeds 40%?
A.
B.
C.
D.
14.  All are special formalities of a notarial will except:
A.
B.
C.
D.
15.  In the absence of a prenuptial agreement, the following are excluded from the community property except:
A.
B.
C.
D.
E.
16.  Which of the following are the modes of acquiring ownership?
A.
B.
C.
D.
17.  It requires the purchaser to be aware of the supposed title of the vendor and one who buys without checking the vendor’s title is called:
A.
B.
C.
D.
18.  All are on-site activities in a Compliance Audit except:
A.
B.
C.
D.
19.  Spouses have the freedom to choose the regime that will govern their properties by marriage settlement or pre-nuptial agreement, such as, but not include:
A.
B.
C.
D.
20.    Purchaser of the thing leased can terminate the lease except in the following conditions:
A.
B.
C.
D.
21.  Lists of all the activities, processes and discharges to be addressed during the audit including a lists of elements to be audited and the type of observations to be made to assess compliance.
A.
B.
C.
D.
22.  An illegitimate child was born last  March 2008. The child may use the surname of the father if the:
A.
B.
C.
D.
E.
23.  When the deceased registered owner is survived as a sole heir, the estate of the former maybe transferred to a latter with the execution of a document is known as:
A.
B.
C.
D.
E.
24.  After the lapse of said period, the annotation of adverse claim may be cancelled upon filing of a:
A.
B.
C.
D.
25.  An act allowing illegitimate children to use the surname of their Father, amending for the purpose Article 176 of EO No.209, otherwise known as the “FAMILY CODE OF THE PHILIPPINES”:
A.
B.
C.
D.
26.  The public repository of records of instruments affecting registered and unregistered land and chattel mortgage is:
A.
B.
C.
D.
27.  It is a contract entered into by the future spouses fixing the matrimonial property regime that should govern during the existence.
A.
B.
C.
D.
28.  Refers to land occupied, possessed and utilized by individuals, families, and clans who are members of Indigenous Peoples:
A.
B.
C.
D.
29.  Property exclusively owned by the husband is called:
A.
B.
C.
D.
30.  Select which kinds of real estate mortgage under the law:
A.
B.
C.
D.
31.  The following occupations are required by law to be registered with the Professional Regulations Commission, except:
A.
B.
C.
D.
32.    An act whereby a person is permitted, with the formalities prescribed by law, to control to a certain degree the disposition of his estate to take effect after his death.
A.
B.
C.
D.
33.  In the phrase “save in cases of hereditary succession’ in Sec. 7, Art. XII (National Economy and patrimony), Phil. Charter, What kind of transferee of private land does it refer to?
A.
B.
C.
D.
E.
34.  A stipulation forbidding the owner from alienating the immovable mortgage:
A.
B.
C.
D.
35.  Persons who cannot acquire by purchase because of fiduciary relationship:
A.
B.
C.
D.
E.
36.  Omision in the testator’s will of one, some, or all of the compulsory heirs in the direct line, whether living of the execution of the will or born after the death of the testator.
A.
B.
C.
D.
37.  Possession of land for required number of years and assertion of ownership through an interrupted actual possession of property within the period of time prescribed by law:
A.
B.
C.
D.
38.  Choose which are the characteristics of a mortgage contract:
A.
B.
C.
D.
E.
39.  Notice that intended to constructively advise, or warn all people who deal with the property that they so deal with it at their own risk:
A.
B.
C.
D.
40.  What kind of real estate mortgage that means one which shows the intention of the parties to make the property a security for a debt:
A.
B.
C.
D.
41.  What is Legitime?
A.
B.
C.
D.
E.
42.  A special contract of permanent union between a man and a woman entered into in accordance with law for the establishment of conjugal and family life. Its nature, consequences and incidents are fixed by law and cannot be the subject of stipulation.
A.
B.
C.
D.
43.  If a deceased owner of a land dies intestate without any debts or obligation the documents to be executed to transfer to transfer title to the sole heir is:
A.
B.
C.
D.
E.
44.  The Statute of Frauds applies only to:
A.
B.
C.
D.
45.  Which agency of the government charged with the execution of laws relative to the registration of lands and is under the executive supervision of the Department of Justice?
A.
B.
C.
D.
46.  Mr. Villanueva inherited a piece of land when he was still  single. Then he got married on October 1, 2000 without a marriage settlement. What is the nature of property now that he is married?
A.
B.
C.
D.
E.
47.  Refers to a group of people or homogenous societies identified by self-ascription and ascription by other, who have continuously lived as organized community:
A.
B.
C.
D.
48.  Select which are the obligations of a lessee:
A.
B.
C.
D.
49.  The part of the testator’s property which he cannot dispose of because the law has reserved it for certain heirs who are, therefore, called compulsory heirs.
A.
B.
C.
D.
50.  Which is the essential requisites of a contract?
A.
B.
C.
D.
51.  In the mode of acquiring ownership, actual possession of land in opposition to all other claimants is called:
A.
B.
C.
D.
52.  What kind of real estate mortgage that means one is required by law to be executed in favor of certain persons:
A.
B.
C.
D.
53.  In the conjugal partnership gains, what kind of property does the spouses have conjugal partnership on?
A.
B.
C.
D.
E.
54.  Spouses who were married after the effectivity of the Family Code without any pre-nuptial agreement shall be governed by:
A.
B.
C.
D.
E.
55.  Juan and Maria are live-in partners. Maria donated a parcel of land to Juan. What is the status of the contract?
A.
B.
C.
D.
56.  Real Estate mortgage special requisites covers:
A.
B.
C.
D.
57.  The manifestation of the debtor to the creditor of his decision to comply immediately with his obligation:
A.
B.
C.
D.
58.  Refers to all areas generally belonging to Indigenous Peoples comprising lands, inland waters, coastal areas, and natural resources:
A.
B.
C.
D.
59.  Which of the following is the correct definition of Compliance Audit:
A.
B.
C.
D.
60.  Select which are the obligations of a lessor:
A.
B.
C.
D.
61.  An acquisition of private property through hereditary succession:
A.
B.
C.
D.
E.
62.  When a property owner dies without any heirs to inherit, which of the following inherit  powers of the state is applied on the property:
A.
B.
C.
D.
63.  A special proceeding mandatory required for the purpose of establishing the validity of a will.
A.
B.
C.
D.
64.  A law that provides that certain contracts/agreements must be in writing in order to be enforceable:
A.
B.
C.
D.
65.  The English translation for the latin term “DONATION PROPTER NUPTIAS”.
A.
B.
C.
D.
66.  The vendor is liable to the vendee for any hidden faults or defects in the thing sold is called:
A.
B.
C.
D.
67.  In a defective contracts, the defect is caused by vice or consent is:
A.
B.
C.
D.
68.  In a defective contracts, the defect is caused by lack of form, authority, or capacity of both parties not caused by prescription is:
A.
B.
C.
D.
69.  Husband and wife cannot sell property to each other except when a separation  of property is agreed upon in the “ante-nuptial” contract and:
A.
B.
C.
D.
E.
70.  Compliance Audit consists of the following general activities, except:
A.
B.
C.
D.
71.  The roles of a property manager are the following, except:
A.
B.
C.
D.
72.  A lease contract providing that the lessee can stay in the premises for as long as he wants and for as long as he can pay the rentals and its increases:
A.
B.
C.
D.
73.  What is not an effect of legal separation:
A.
B.
C.
D.
74.  Instruments issued to an auditee  pursuant to the legislation. These include approvals, licenses, notices, permits and certificates of registration:
A.
B.
C.
D.
75.  Legal right of the state to acquire property of a decedent who died without a will and without heirs is referred to as what?
A.
B.
C.
D.
E.
76.  Stipulation whereby the thing mortgaged, shall automatically become the property of the creditor in the event of non-payment of the debt within the term fixed:
A.
B.
C.
D.
77.  Donation of  a property is void when:
A.
B.
C.
D.
E.
78.  A system of procedures to ensure that all audits are carried out correctly.
A.
B.
C.
D.
79.  A mode of acquisition by virtue of which the property, rights and obligations to the extent of the value of the inheritance, of a person are transmitted through his death to another or others by his will or by operation of law.
A.
B.
C.
D.
80.  In a defective contracts, the defect is caused by lack of essential elements or illegality is:
A.
B.
C.
D.
81.  All except one, are grounds for termination of Absolute Community property Regime:
A.
B.
C.
D.
82.  Juan and Maria are live-in partners. Juan is a married man who bought a parcel of land at Quezon City through the conjugal funds. Who owns the parcel of land?
A.
B.
C.
D.
83.    Spouses who were married after the effectivity of the family code without any pre-nuptial agreement shall be governed by:
A.
B.
C.
D.
E.
84.  If a person died leaving a will, what is the special court proceedings that must be instituted to determine the validity of the testamentary disposition  of the deceased?
A.
B.
C.
D.
E.
85.  What is functional share of the surviving spouse that will appear in the new title if  the descendant(decedent) left three (3) legitimate children and one (1) (il)legitimate child:
A.
B.
C.
D.
E.
86.  Refers to a title formally recognizing the right of possession and ownership of Indigenous Peoples over their Ancestral Domains identified and delineated:
A.
B.
C.
D.
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