Ultimate Property Management Quiz: Trivia!
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- 1.Which are the essential requisites of a contract?
- A.
Consent of the contracting parties
- B.
Object certain w/c is the subject matter of the contract
- C.
Cause or consideration of the obligations
- D.
All of the above
- 2.The Statute of Frauds applies only to:
- A.
Partial fulfilled contract
- B.
Completely fulfilled contract
- C.
Executory contracts
- D.
None of the above
- 3.A law that provides that certain contracts/agreements must be in writing in order to be enforceable:
- A.
Statute of Frauds
- B.
Obligation Contracts
- C.
Statue of Obligation
- D.
None of the above
- 4.In a defective contract, the defect is caused by a lack of essential elements or illegality is:
- A.
Voidable
- B.
Unenforceable
- C.
Void
- D.
None of the above
- 5.In a defective contract, the defect is caused by vice or consent is:
- A.
Rescissible
- B.
Voidable
- C.
Unenforceable
- D.
None of the above
- 6.In a defective contract, the defect is caused by a lack of form, authority, or capacity of both parties not caused by prescription is:
- A.
Unenforceable
- B.
Rescissible
- C.
Voidable
- D.
None of the above
- 7.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.
Bureau of Lands
- B.
HLURB
- C.
Land Registration Authority
- D.
None of the above
- 8.Which of the following are the modes of acquiring ownership?
- A.
Accretion
- B.
Adverse possession or prescription
- C.
Private grant or voluntary transfer
- D.
All of the above
- 9.Possession of land for the required number of years and assertion of ownership through an interrupted actual possession of the property within the period of time prescribed by law:
- A.
Adverse possession
- B.
Prescription
- C.
Accretion
- D.
None of the above
- 10.Refers to a group of people or homogenous societies identified by self-ascription and ascription by others, who have continuously lived as an organized community:
- A.
Indigenous Peoples
- B.
Ancestral Peoples
- C.
Native Peoples
- D.
None of the above
- 11.The public repository of records of instruments affecting registered and unregistered land and the chattel mortgage is:
- A.
Registry of Deeds
- B.
HLURB
- C.
Land Registration Authority
- D.
None of the above
- 12.Refers to a title formally recognizing the right of possession and ownership of Indigenous Peoples over their Ancestral Domains identified and delineated:
- A.
Native Title
- B.
Certificate of Ancestral Domain Title
- C.
Certificate of Ancestral Lands Title
- D.
None of the above
- 13.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.
Dacion en Pago (Dation in Payment)
- B.
Tender of Payment
- C.
Consignation
- D.
None of the above
- 14.In the mode of acquiring ownership, actual possession of land in opposition to all other claimants is called:
- A.
Accretion
- B.
Prescription
- C.
Adverse possession
- D.
None of the above
- 15.Refers to land occupied, possessed, and utilized by individuals, families, and clans who are members of Indigenous Peoples:
- A.
Indigenous Lands
- B.
Native Lands
- C.
Ancestral Lands
- D.
None of the above
- 16.Refers to a title formally recognizing the rights of Indigenous Peoples over their Ancestral Lands:
- A.
Certificate of Ancestral lands Title
- B.
Native Title
- C.
Certificate of Ancestral Domain Title
- D.
None of the above
- 17.Which below to be effected when foreign ownership exceeds 40%?
- A.
Foreign corporation lose its capacity to hold the private land
- B.
Foreign corporation will be granted temporary rights such as a lease contract
- C.
A and b
- D.
None of the above
- 18.Persons who cannot acquire by purchase because of fiduciary relationship:
- A.
Guardian
- B.
Agents
- C.
Executors and administrators
- D.
Public Officers and employees
- E.
All of the above
- 19.Refers to all areas generally belonging to Indigenous Peoples comprising lands, inland waters, coastal areas, and natural resources:
- A.
Ancestral Lands
- B.
Ancestral Domains
- C.
Indigenous Cultural Domains
- D.
None of the above
- 20.The manifestation of the debtor to the creditor of his decision to comply immediately with his obligation:
- A.
Dacion en Pago (Dation in Payment)
- B.
Tender of Payment
- C.
Consignation
- D.
None of the above
- 21.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.
Caveat Venditor
- B.
Caveat Emptor
- C.
Adverse claim
- D.
None of the above
- 22.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.
Caveat Venditor
- B.
Caveat Emptor
- C.
Adverse claim
- D.
None of the above
- 23.The vendor is liable to the vendee for any hidden faults or defects in the thing sold is called:
- A.
Caveat Venditor
- B.
Caveat Emptor
- C.
Adverse claim
- D.
None of the above
- 24.After the lapse of said period, the annotation of adverse claim may be cancelled upon filing of a:
- A.
Appeal
- B.
Plea
- C.
Verified petition
- D.
None of the above
- 25.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.
Notice of Lis Pendens
- B.
Notice of lawsuit
- C.
Caveat
- D.
None of the above
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