1. What are the requisites of Dacion en pago? a. partial or relative insolvency of the debtor; acceptance by the creditor of the cession and plurality of debts b. initiative for substitution must emanate from the old debtor; consent of the new debtor; acceptance by the creditor and old debtor must be released from his obligation c. must be intelligent, free, spontaneous and real; must be manifested by the concurrence of the offer and acceptance and parties must possess the necessary legal capacity d. creditor’s satisfaction; alienation of the debtor’s property to the creditor and pre-existing debt of money between the parties

2. It is a remedy where through written instrument, the parties can conform their real intention as when some error has been committed. a. prescription of instruments b. ratification of instruments c. reformation of instruments d. novation of instruments

3. These are contracts where in all the necessary elements for its legitimacy are present but the consent is rejected due to lack of legal capacity by one of the parties, violence, fraud, mistake or intimidation even though there may have been no damage to the contracting parties. a. Rescissible contracts b. Fraudulent contracts c. Voidable contracts d. Pending contracts

4. Which of the following scenarios exhibits Dolo Causante? a. A certain petroleum company allegedly mixed one quart of diesel for every four quarts of unleaded gasoline prior to deliver to its branches in Metro Manila. Thus their price of unleaded gasoline is somewhat cheaper by P1.45, making their sales of the said petroleum product relatively higher compared to their competitors. b. On October 2, 2011, a furniture sculptor is obliged to deliver a complete set of dining table made of narra to Mr. Juan Dela