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

86 Questions | By Edms2012 | Updated: Mar 22, 2022 | Attempts: 89

Questions

Settings

Create your own Quiz

LEGAL ASPECTS OF SALES, LEASE AND MORTGAGE / FAMILY CODE / PROPERTY MGT TEST EXERCISES. . .

Questions and Answers

1.

Which is 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 contracts, the defect is caused by lack of essential elements or illegality is:
- A.
  
  Voidable
- B.
  
  Unenforceable
- C.
  
  Void
- D.
  
  None of the above
5.

In a defective contracts, the defect is caused by vice or consent is:
- A.
  
  Rescissible
- B.
  
  Voidable
- C.
  
  Unenforceable
- D.
  
  None of the above
6.

In a defective contracts, the defect is caused by 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 required number of years and assertion of ownership through an interrupted actual possession of 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 other, who have continuously lived as 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 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