A option money b arras c discount d deposit 70 an

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A. Option money B. Arras C. Discount D. Deposit
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70. An agricultural land is owned by A and D pro-indiviso. D sells his one-half part to R, who is the owner of the adjoining land. When A learned of the sale, he tried to redeem the portion sold by D by reimbursing R with the purchase price and expenses. Which is not correct? A. A can compel R to permit redemption B. A co-owner of a thing may exercise the right of redemption in case the shares of the other co- owners or any one of them are sold to a third person C. The sale to R is valid but A can elect to exercise his right of redemption D. The sale to R is valid and as adjoining land owner he is the one entitled to redemption Page 15 CREDIT TRANSACTION 71. A contract where the creditor acquires the right to receive the fruits of an immovable of his debtor, with the obligation to apply them to the payment of interest if owing, and thereafter to the principal of his credit is A. Antichresis B. Usufruct C. Real estate mortgage D. Commodatum 72. A pledged his ring to B for P20,000. A failed to pay his obligation. B sold it at a public auction for P18,000. Can B recover the deficiency? A. Yes, even without stipulation B. Yes, if there is stipulation C. No, even if there is stipulation D. No, unless there is stipulation 73. A pledged his ring to B for P20,000. A failed to pay his obligation. B sold it at a public auction for P22,000. Can A recover the excess? A. Yes, even without stipulation B. Yes, if there is stipulation C. No, even if there is stipulation D. No, if there is stipulation 74. C mortgaged his car to B for P200,000. C failed to pay his obligation. B sold it at a public auction for P180,000. Can B recover the deficiency? A. Yes, even without stipulation B. Yes, only if there is stipulation C. No, even if there is stipulation D. No, unless there is stipulation 75. C mortgaged his car to B for P200,000. C failed to pay his obligation. B sold it at a public auction for P220,000, Can C recover the excess? A. Yes, even without stipulation B. Yes, only if there is stipulation C. No, even if there is stipulation D. No, unless there is stipulation 76. B borrowed P100,000 from S secured by a pledge on B’s diamond ring. The debt is payable in installment. When B defaulted in 2 installment payments, S foreclosed the pledge and sold the diamond ring at a public auction. If there is excess, who is entitled to the excess? A. B, even without stipulation B. S, only if there is stipulation C. B unless there is stipulation D. S, even without stipulation 77. The sale of the thing pledged A. Absolutely extinguishes the obligation
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B. Extinguishes only the pledge C. Extinguishes the debt only to the extent of the proceeds D. Deprives the pledgee to get the excess Page 16 78. D borrowed P100,000 from C. The obligation is secured by a mortgage on D’s land and building. C registered the mortgage with the Register of Deeds. Thereafter, D sold the land and building to B who was not aware of the existence of the mortgage at the time of sale since only the photocopy of the transfer certificate of title which did not yet contain the annotation of the mortgage was shown to him.
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