0% found this document useful (0 votes)
239 views2 pages

Obligations and Contracts Quiz Insights

The document contains 5 questions regarding obligations and contracts. 1. Ang Ganda borrowed money from Bing but failed to pay it back by the due date. Yes, Ang Ganda would be considered in default for missing the payment deadline. 2. A jeepney accident occurred when a tire blew out, killing a passenger. The jeep owner argued it was a fortuitous event but is still liable because he failed to properly inspect the tires beforehand. 3. A man ordered a young boy to climb a slippery tree to get fruits, promising part of the fruits. The boy died in the act. The man is partly liable for endangering the boy's life for a reward.

Uploaded by

Aurioule Depayso
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
239 views2 pages

Obligations and Contracts Quiz Insights

The document contains 5 questions regarding obligations and contracts. 1. Ang Ganda borrowed money from Bing but failed to pay it back by the due date. Yes, Ang Ganda would be considered in default for missing the payment deadline. 2. A jeepney accident occurred when a tire blew out, killing a passenger. The jeep owner argued it was a fortuitous event but is still liable because he failed to properly inspect the tires beforehand. 3. A man ordered a young boy to climb a slippery tree to get fruits, promising part of the fruits. The boy died in the act. The man is partly liable for endangering the boy's life for a reward.

Uploaded by

Aurioule Depayso
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Cordillera Career Development College

COLLEGE OF ACCOUNTANCY
Buyagan, Poblacion, La Trinidad, Benguet

QUIZ 1
Name: Aurioule B. Depayso
Subject: Obligations and Contracts
Professor: Juvilyn E. Bandiwan
1. Ang Ganda borrowed from Bing. She executed a promissory note undertaking to pay the
said loan on or before December 21, 2021. Ang Ganda failed to her obligation, can she
considered in default in the payment of his obligation?
By all means, default is the failure to meet the obligations of a loan, either
required by law or agreed upon by the parties involved (typically the debtor and creditor).
Yes, it is considered as a default in payment on the obligation because first of all Ang
Ganda is unable to make timely payments, misses payments, or avoids or stops making
payments. In worse cases, if especially Bing is a/an business enterprise, bank, or any
organizations, they can charge the borrower a lawsuit or they will acquire some of the
assets of Ang Ganda like land, cars, televisions, refrigerator, and more.
2. A jeepney carrying passengers turned turtle because one of its tires blew out. One of the
passengers died, hence, the heirs filed a case for damages. The owner of the jeep
contented that the cause of the accident was a fortuitous event. Is the owner of the jeep
liable for damages? Explain.
Yes, the owner of the jeep is liable for the damages because he did not check first
the car before driving it. The driver didn’t inspect for the acronym BLOWBAG where
letter A is for Air. He didn’t look over if the tires are properly inflated so as to reduce the
risk of blow out. Because of the negligence of the driver, the heirs have the right to file a
case for the damages.
3. A man ordered a ten-year old boy, Jose Ronquillo, to climb a high and rather slippery
santol tree, with a promise to give him part of the fruits. The boy was killed in the act of
climbing. Issue: Is the person who ordered him liable? Explain.\
Partly yes, the man is liable because he just ordered a boy to get him fruits when
he can do it himself because he’s a man after all. With the knowledge of a young boy and
to be given a santol fruit, he just did what the man says but did not know it will be his
cause of death. On the other hand, the man knows that it is too dangerous because its
slippery but still ordered the young boy. Also, maybe the man didn’t check upon or
monitored the boy when he climbs the tree. In the end, the man didn’t do first aid or call
the ambulance when the boy fell down.
4. Anda and Yanda entered into an agreement whereby Anda would pay Yanda 4000 pesos
per month so that Yanda would take all necessary care of Anda’s house while he’s on
vacation in the US. One night, the house of Anda caught fire and Yanda saved Anda’s
truck, refregirator, TV, etc. What is the source of Anda’s obligation to Yanda? Explain.
A conditional obligation has given to Yanda from Anda. Anda will pay Yanda
4000 pesos per month to look over her house. It means that if anything happens to the
house, Yanda will be obliged to change, repair, etc. it. Yanda has the obligation to save
the house and the assets of the house owner when the fire broke out. Also, because of the
fire where it is a fortuitous event, no one is liable.
5. Explain the remedies of an aggrieved party in case one of the parties fails to comply with
his obligation.
Specific real obligation (obligation to deliver specific thing). The debtor cannot
substitute a thing with another although the latter is of the same kind and quality without
the consent of the creditor. Some duties of debtor in obligation to give a specific thing are
preserve the thing, deliver the accessions and accessories, answer for damages, etc.
Generic real obligation (obligation to deliver generic thing). Refers only to a class
to which it pertains and cannot be pointed out with particularity. The debtor can give
anything of the same class as long as it is the same kind. The creditor has the right to
recover damages in case of breach or violation of the obligation.
Positive personal obligation (to perform an act or render a service). Obligations
“to do something” to ensure respect and human rights. The creditor may have the
obligation executed at the expense of the debtor. Example, when Abe made an agreement
with Hola that on his wedding day Hola will cater their foods and both of them agreed. A
day before the wedding Hola cannot cater for the food because of emergency and since
the agreement is between Ana and Hola and it is an obligation to do, Hola must pay for
the expense of Ana for the food or rather Ana can ask for damages.
When the debtor performs his obligation but poorly done and is an obligation not
to do. The remedies for these two are to have obligation executed at debtor’s expense,
demand what has been done be undone and demand damages from the obligor.

Common questions

Powered by AI

When a party is tasked with caring for another's property, they are obligated to manage and protect it, even during fortuitous events like a fire. For instance, Yanda was obligated to save Anda's assets like the truck, refrigerator, and TV. While no one is liable due to the nature of the event, the caretaker's obligation includes taking reasonable action to preserve the property .

Failing to perform first aid or seek help after a minor is injured exacerbates the man's legal responsibility and duty of care. It indicates negligence in ensuring the minor's safety and in providing necessary assistance after the accident. This omission can lead to increased liability, especially if the minor's injuries worsen due to the lack of timely medical attention .

A paid caretaker, such as Yanda, is responsible for safeguarding and managing property during the contractually protected period. In the event of property destruction, like a fire, the caretaker's responsibilities include attempting to save the property within their capability and reporting damages immediately. Although a fortuitous event relieves them from liability, they must still demonstrate they took all reasonable measures to mitigate loss .

If a debtor fails to comply with a specific real obligation, the creditor can seek remedies such as demanding the preservation of the thing, the delivery of accessions and accessories, and compensation for damages. The debtor cannot replace the thing with another without the creditor's consent . If compliance is impossible, the creditor can seek damages for breach of obligation .

Default in the payment of a loan occurs when the debtor fails to meet the obligations of the loan, such as making timely payments, missing payments, or avoiding payments altogether . If the debtor is in default, especially if the creditor is a business enterprise, bank, or organization, the creditor may charge the borrower with a lawsuit or acquire some of the debtor's assets, such as land, cars, or other valuable items .

The person who orders a minor to perform a potentially dangerous task, such as climbing a high and slippery tree, can be held partly liable for the minor's death, as the task involves foreseeable risks that could lead to harm. The person should have recognized the danger and either refrained from instructing the minor or ensured adequate safety measures were in place. Failure to monitor the minor or provide assistance exacerbates this liability .

A fortuitous event, in the context of contract obligations, is an unforeseen event that prevents the fulfillment of a contractual obligation and is beyond the control of the parties involved. Such events, if unforeseen and unavoidable, relieve the obligor of liability for non-performance since they cannot be attributed to negligence or fault. However, the obligor must show that they could not have foreseen or mitigated the event's effects .

Failure to perform a contractual obligation can justify demanding execution at the debtor's expense if the obligation involves a specific act or service that is not performed as agreed. For example, if a caterer fails to provide services for a wedding, the creditor can have the services performed by someone else at the debtor's expense, or demand compensation for any additional expenses incurred .

In a breach involving a generic real obligation, the creditor cannot demand the delivery of a specific item but can seek damages for non-compliance. The debtor must deliver something of the same kind, failing which the creditor can recover damages to compensate for losses incurred due to the breach. This compensation may include any additional costs incurred to obtain the required goods from another source .

The vehicle owner can be held liable for damages in case of a tire blowout if it is proven that the owner or driver was negligent in ensuring the vehicle's safety. For example, the owner must check if the tires are properly inflated to reduce the risk of a blowout. If this negligence leads to an accident, as in the case where a jeepney turned turtle due to a tire blowout, resulting in the death of a passenger, the owner is liable for damages .

You might also like