Ultimate Property Management Quiz: Trivia!

86 Questions | Total Attempts: 863

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Property Management Quizzes & Trivia

Questions and Answers
  • 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