Introduction To Business Law Quiz Part- II

12 Questions | Total Attempts: 71

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Business Law Quizzes & Trivia

Questions and Answers
  • 1. 
    There are two subject sides in an obligated relationship:
    • A. 

      Credibilitor and debtor

    • B. 

      Credit and debtor

    • C. 

      Creditor and debtor

    • D. 

      Creditor and debt

  • 2. 
    Obligation is strictly personal if...
    • A. 

      There are many similar subjects bound to perform the action

    • B. 

      It is only the debtor and no one else that is bound to perform the action

    • C. 

      It is only the debtor and no one else that is bound to perform the suggested action

    • D. 

      It is only the creditor and no one else that is bound to perform the action

  • 3. 
    An obligation can be fulfilled by a single action (regardless of the action's lasting). It is a...
    • A. 

      Simple obligation

    • B. 

      Small obligation

    • C. 

      Modest obligation

    • D. 

      Uncomplicated obligation

  • 4. 
    In the case of generic obligations, the object of obligation...
    • A. 

      Is not sufficiently determined

    • B. 

      Is exactly determined

    • C. 

      Is a precedent

    • D. 

      Is uniquely determined

  • 5. 
    Natural obligations are those...
    • A. 

      That are legally protected

    • B. 

      That are not legally protected

    • C. 

      That might be both legally protected and unprotected

    • D. 

      That are governed in a family

  • 6. 
    While the creditor is the holder of the right, debtor is...
    • A. 

      A holder of the relationship

    • B. 

      A holder of the obligation

    • C. 

      A holder of the right too

    • D. 

      A holder of the business capacity

  • 7. 
    If an obligation goes through a change on the creditor's side, that is called...
    • A. 

      A cession of the action

    • B. 

      A cession of the claim

    • C. 

      A cession of the debtor

    • D. 

      A cession of the contract

  • 8. 
    Legal facts and conditions that form the basis of obligations are...
    • A. 

      Branches of obligations

    • B. 

      Sources of obligations

    • C. 

      Expressions of obligations

    • D. 

      Rights in obligations

  • 9. 
    Unilateral civil-law transactions are those wherein...
    • A. 

      The obligation as a bilateral legal relation arises by an expression of will by one person only

    • B. 

      The obligation as a bilateral legal relation arises by an expression of will by two persons

    • C. 

      The obligation as a bilateral legal relation arises by an expression of will by two or more persons

    • D. 

      The obligation as a bilateral business relation arises by an expression of will by one person only

  • 10. 
    Unjust enrichment as a source of obligation creates the obligation to...
    • A. 

      Cease

    • B. 

      Return what was received without foundations

    • C. 

      Return what was received with foundations

    • D. 

      Change a contractual deal

  • 11. 
    As a rule, death of one of the obligation subjects...
    • A. 

      Results in the cessation of that obligation

    • B. 

      Does not result in the cessation of that obligation

    • C. 

      Results in a change of the contract

    • D. 

      Does not result in a change of the contract

  • 12. 
    Preclusion, or a preclusive time period, is the time within which...
    • A. 

      A right has to be exercised in order to be preserved

    • B. 

      A right has to be exercised in order to get more benefits

    • C. 

      A debtor is supposed to finish the obligation

    • D. 

      A creditor can sue a debtor for not finishing the obligation

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