Chapter 4: Property Relations Flashcards
(51 cards)
True or False
The prenuptial agreement must be in writing and must be recorded in the Local Civil Registry but not in the Register of Deeds
False
must also be recorded at the Register of Deeds where the affected property is located
Question
The prenuptial agreement must be in what form?
in writing
Question
When should the prenuptial agreement be executed?
prior to the celebration of the marriage
Question
Can the prenuptial agreement be amended after the celebration of marriage?
No, amendment may only be allowed before the celebration of marriage
True or False
The system of property relationship is applicable only to married persons
True
Term
It is used to distinguish a conjugal or community property from an exclusive property.
System of property relations
Term
Special contract of permanent union between a man and a woman in accordance with law
Marriage
Enumerate
Systems of property relationship
- Absolute community of property
- Conjugal partnership of gains
- Complete separation of property
- Any other regime
Question
Governs property relations between husband and wife whose marriage was celebrated before August 3, 1988
Civil Code
Question
Governs property relations between husband and wife whose marriage was celebrated on or after August 3, 1988
Family Code
Question
If no agreed system before marriage where data of marriage was before August 3, 1988, what system will apply?
Conjugal Partnership of Gains
Question
If no agreed system before marriage where marriage is on or after August 3, 1988, the system that will apply is?
Absolute community of property
True or False
Stipulations in settlements or contracts in consideration of marriage shall be rendered void if the marriage does not take place
True
Only valid if stipulations do not depend upon the celebration of marriage
Term
Property owned by both spouses
Conjugal property
Term
Property owned by either husband or wife
Exclusive property
Question
Most common regime in the Philippines
Absolute community of property
Explain
Absolute community of property
- Spouses become co-owners of all property they bring into the marriage and those acquired by each or both of them during marriage
save for exceptions expressly enumerated by law
Question
When shall absolute community of property between spouses commence?
At the precise moment that the marriage is celebrated
True or False
In ACoP, any stipulation, express or implied, for the commencement of the community regime at any other time than the celebration of marriage shall be void
True
Enumerate
Exclusive property under ACoP
- Property acquired during marriage by gratuitous title by either spouse and the fruits as wll as the income thereof, if any
- Property for personal and exclusive use of either spouse
- Property acquired before the marriage by either spouse who has legitimate descendants by a former marriage, and the fruits and income, if any of such property
- unless the donor, testator, or grantor expressly provides that it be part of community
- except jewelry, which forms part of the community property
Question
Classification of fruits or income under ACoP
depends on the classification of the principal or source of the fruits
Explain
Conjugal partnership of gains
system of property relations under which:
* the husband and wife place in a common fund the proceeds, products, fruits, and income from their separate properties and those acquried by either or both spouses through their efforts or by chance, and upon dissolution of the marriage or of the partnership
Question
When does CPoG apply?
- When future spouses agree to it in the marriage settlements; or
- To conjugal partnership of gains already established between spouses before August 3, 1988
Enumerate (four)
Exclusive property under CPoG
- That which is brought to the marriage as his or her own
- That which each acquires during the marriage by gratuitous title
- That which is acquired by right of redemption or by exchange with property belonging to only one of the spouses
- That which is purchased with the exclusive money of the wife or the husband