DAYLO, JEROME D.C. Credit Transactions 220 A-2 Atty. Cenizal 1.

The bailee is liable for the loss of the thing even if it should be through fortuitous event. Except? a. If he keeps the thing longer than the period stipulated. b. If he lends or leases the thing to a third person, who is not a member of his household. c. If being able to save either the thing borrowed or his own thing, he chose to save the latter. d. If he devotes the thing to a purpose not different from that for which it has been loaned. 2. Refers to a Kind of Commodatum where the bailor may demand the thing at will? a. Precarium b. Contract of Loan c. Ordinary Commodatum d. Simple Loan 3. Refers to a Contract whereby one of the parties delivers to another money or other consumable thing with the understanding that the same amount of the same kind and quality shall be paid? a. Mutuum b. Precarium c. Contract of Deposit d. Commodatum 4. Refers to the deposit wherein the delivery is made by the will of the depositor? a. Voluntary Deposit b. Contract of Deposit c. Ordinary Commodatum d. Precarium 5. The Hotel-keeper is not liable in case of loss of the thing deposited when? a. The loss or injury is caused by Force majeure. b. The loss is due to the acts of the guest or his family. c. The loss arises from the character of the things deposited. d. The loss is caused by his servants or employees.

6. Refers to the person lawfully engaged in the business of storing goods for profit? a. Warehouseman b. Depositor c. Depositary d. Bailee 7. Warehouse Receipts must embody within its written and printed terms? a. The location of the warehouse where the goods are stored. b. The date of the issue of the receipt. c. The rate of storage fees. d. The description of the warehouse receipt. 8. Receipts in which it is stated that the goods received will be delivered to the depositor or to any other specified person. It refers to? a. Warehousemans Lien b. Delivery c. Negotiable Receipt d. Non-Negotiable Receipt 9. Receipts in which it is stated that the goods received will be delivered to the bearer or to the order of ay person named in such receipt. It refers to? a. Creditors Receipt b. Non-Delivery c. Negotiable Receipt d. Non-Negotiable Receipt 10. A loan given is a simple loan or mutuum. Except? a. If the ownership is transferred to the borrower. b. If the borrower need only to pay the same amount of the same kind or quality. c. If the borrower suffers in case of loss. d. If the thing loaned can be demanded before the expiration of the term in case of urgent need.

11. A loan given is a commodatum. Except? a. If the ownership of the thing loaned is retained by the lender. b. If the borrower has the obligation to return the same thing loaned. c. If the loan is gratuitous and may be onerous. d. If the thing loaned involves something not consumable. 12. Contract of Deposit is essentially a gratuitous contract but it can be for compensation. Except? a. Where there is contrary stipulation established by the parties. b. Where the depositary is engaged in the business of storing goods. c. Where property saved from destruction without the knowledge of the owner. d. Where it is in compliance with a legal obligation. 13. Deposit is generally voluntary. It becomes necessary when made in the following cases. Except? a. When the deposit is made in compliance with a legal obligation. b. When it is made by travelers in hotels and inns. c. When the delivery is made by the will of the depositor. d. When the deposit is made by travelers with common carries. 14. Refers to the action to compel the depositors to settle their conflicting claims among themselves would be in a nature of an? a. Replevin b. Counterclaim c. Interpleader d. Set-off 15. If the thing deposited is money, the permission to use it will result in its consumption and converts the contract into a mutuum. But if the safekeeping is still the principal purpose of the contract it is called? a. Ordinary Commodatum b. Simple Loan c. Precarium d. Irregular Deposit

16. When the thing deposited is closed and sealed the depositary is justified to open such seal when? a. When the Contract of Deposit is essentially gratuitous. b. When the deposit involves consumable goods. c. When the seal of the deposited goods is broken. d. When there is necessity to open such seal. 17. The Hotel-Keeper is not liable for compensation in case of loss. Except? a. The loss or injury is caused by force majeure. b. The loss is due to the acts of the guest, his family, servants or visitors. c. The loss is caused by the acts of robber done without the use of arms and irresistible force. d. The loss arises from the character of the things brought into the hotel. 18. The Depositary must be reimbursed for loss suffered by him because of the dangerous character of the thing deposited. Except? a. When the depositary was aware of it without advice coming from the depositor. b. The depositor was not expected to know the dangerous character of the thing deposited. c. When the depositor does not notify the depositary of such dangerous character of the thing deposited . d. At the time of the deposit, the depositor was not aware of it. 19. A Deposit is a Real Contract and is therefore? a. It involves Consumable Goods b. It involves Real Property c. Perfected by Consent d. Perfected by Delivery 20. A deposit made on occasion of a calamity or in compliance with a legal obligation? a. Contract of Carriage b. Voluntary Deposit c. Necessary Deposit d. Contract of Deposit