Top 250+ Solved Albano MCQs MCQ Questions Answer
Q. The following are void contracts, except:
a. Where the stipulation is contrary to law, public order, public policy, morals;
b. Where the object is inexistent;
c. Where the price or consideration is not reflected in the document that evidences that contract;
d. Where the stipulation refers to an impossible condition.
Q. What is the nature of a contract where the buyer did not pay the price?
a. Void;
b. Rescissible
c. Voidable;
d. Unenforceable.
Q. A sold his house and lot to B for P10M payable in 10 monthly installments. B paid P9M but failed to pay the last installment. What is the remedy of A?
a. Can file an action to declare the contract void;
b. Can file an action to rescind the contract;
c. Can file an action to enforce and collect the balance;
d. Can file an action to rescin
Q. X, Y & Z entered into a contract of loan with A obligating themselves solidarily to pay to A without need of demand on June 16. A condoned X’s obligation; Y is insolvent. How much can A collect if the amount is P900,000.00?
a. The full amount because anyone of the solidary debtors can be required to pay.
b. P300,000.00 because of the condonation and insolvency of two (2) of the solidary debtors.
c. P600,000.00 by suing X & Z where Z will pay P300,000.00 plus P150,000.00 as his share in Y’s obligation and where X will pay P150,000.l00 as his share in Y’s obligation, but with a right of reimbursement.
d. P900,000.00 chargeable against Z but with right of reimbursement.