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RFBT 3ANSWER: A - ✔✔104. I. When one of the parties has brought an action to enforce the instrument,
he cannot subsequently ask for its reformation.
II. The injured party may seek rescission, even after he has chosen fulfillment if the latter should
become impossible.
a. True, true
b. True, false
c. False, true
d. False, false
ANSWER: A - ✔✔120. On September 25, 2022 A sent a telegram to B in Cebu, offering to sell to B
his house and lot for P2M, cash. On the same date, B sent to A a telegram offering to buy A's same
house and lot for P2M, Is there a perfected contract?
a. No, because both telegram are mere offers
b. Yes, a promise to buy and sell a determinate thing for a price certain is reciprocally demandable.
c. No, because B did not offer to buy the house and lot for cash.
d. Yes, being a consensual contract, it is perfected by, mere consent
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ANSWER: A - ✔✔134. A owns a parcel of land, which he sells to B with a 3 year redemption period.
After the second year, A dies, leaving his children C, D and E as his heirs. Which of the following is
not correct?
a. As A can repurchase the whole thing, so any among C, D and E may repurchase the whole thing.
b. C can redeem his 1/3 share, D his 1/3 share and E his 1/3 share if B does not require all of them or
any one of them to redeem the whole property.
c. B may demand that all the co-heirs come to an agreement upon the repurchase of the whole thing
sold.
d. B cannot be compelled to consent to a partial redemption.
ANSWER: A - ✔✔148. Which of the following contracts is valid?
a. Contract of sale between an insane person and a deaf-mute who does not know how to write and
read
b. Contract of donation between a husband and his paramour
c. Contract of sale between husband and wife who are under the conjugal partnership of gains
d. Contract of donation between a wife as donee and her former boyfriend as donor
, ANSWER: A - ✔✔157. A mortgaged his car to B for P200,000. A failed to pay his obligation. B sold it
at public auction for P180,000. Can B recover the deficiency?
a. Yes, even without stipulation c. No, even if there is stipulation
b. Yes, only if there is stipulation d. No, unless there is stipulation
ANSWER: A - ✔✔158. Using the preceding number, if the sale is for P220,000 can A recover the
excess?
a. Yes, even without stipulation c. No, even if there is stipulation
b. Yes, only if there is stipulation d. No, unless there is stipulation
ANSWER: A - ✔✔163. Should there be a reasonable ground to fear the destruction or impairment of
the thing pledged, without the fault of the pledgee, what is the obligation of the pledge and what then
is the right of the pledgor.
First Answer - The pledgee is bound to advice the pledgor, without delay of any danger to the thing
pledged
Second Answer - The pledgor can demand the return of the thing pledged upon offering another
thing in pledge which is of the same kind as the former and not of inferior quality.
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a. True, true
b. True, false
c. False, true
d. False, false
ANSWER: B
If silent not stated - 4 years
Period less than 10 years - follow period
10 years/ more - 10 years only
Pending case to court-30 days - ✔✔142. Where it is stipulated that the repurchase of the property
sold could be made at any time, the repurchase shall be exercised
a. Within four years, from the date of contract
b. Within ten years from the date of the contract
c. After ten years after the date of the contract
d. Within six years from the date of the contract
ANSWER: B
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