Property Relations Flashcards
(32 cards)
Under the regime of absolute community of property, the husband and the wife place in a common fund the proceeds, products, fruits, and income from their separate property and those acquired by either or both spouses through their efforts or by chance. T or F?
FALSE.
The statement is also applicable to CPG
The gross estate of a married decedent under the system of conjugal partnership of gains during the marriage is a mixture of exclusive property and conjugal property. T or F?
TRUE.
The inclusion of claims against insolvent person in the gross estate of the decedent spouse as either exclusive or communal property will depend on the nature of the claim–whether it is for an exclusive use or for a communal property. T or F?
TRUE
Under the conjugal partnership of gains regime, the spouses become co-owners of all property they bring into the marriage and those acquired by each or both of them during marriage. T or F?
FALSE.
Under CPG, property brought into marriage is classified as exclusive property.
The share of the surviving spouse in the estate shall be deducted equal to 1/2 of the gross conjugal property. T or F?
FALSE.
The share of the surviving spouse in the estate shall be deducted equal to 1/2 of the net conjugal property
Properties acquired by gratuitous title during the marriage are generally classified as conjugal partnership of gains. T or F?
FALSE
Properties acquired by gratuitous title during the marriage are generally classified as exclusive properties.
Property inherited before the marriage becomes community property upon marriage. T or F?
TRUE
In the property relationship of absolute community, the spouses are co-owners of community properties. T or F?
TRUE
Modifications in the marriage settlements or prenuptial agreements may be made anytime during the marriage. T or F?
FALSE
Modifications in the marriage settlements or prenuptial agreements may be made anytime BEFORE the marriage
Under the system of absolute community of property, the vanishing deduction is a charge against community property. T or F?
FALSE
Under the system of absolute community of property, the vanishing deduction is a charge against either exclusive or community property
Under the system of conjugal partnership of gains, the vanishing deduction is a charge against exclusive property. T or F?
TRUE
Spouses shall be governed by complete separation of property regime if the future spouses agree in the marriage settlements that their property relations during the marriage shall be governed by the regime of separation of property. T or F?
TRUE
Under absolute community of property regime, property acquired during marriage by gratuitous title by a spouse, and the fruits as well as the income thereof are the property of such spouse. T or F?
TRUE
Under conjugal partnership of gains, property for personal and exclusive use of either spouse is considered as exclusive property, except jewelry. T or F?
FALSE
Under Absolute Community of Property, property for personal and exclusive use of either spouse is considered as exclusive property, except jewelry.
Under the law, the property relationship between husband and wife shall be governed in what order?
I. By marriage settlements executed before the marriage
II. By the provisions of law
III. By ht elocal custom
I, II, III
In the absence of a marriage settlement, or when the regime agreed upon is void, the property relations of the spouses who married before August 3, 1988, shall be governed by:
a. Absolute community of property
b. Conjugal partnership of gains
c. Absolute separation of properties
d. No property relations
Conjugal partnership of gain
In the absence of a marriage settlement, or when the regime agreed upon was void, the property relations of the spouses who were married on or after August 3, 1988, would be:
a. Absolute community of property
b. Conjugal partnership of gains
c. Absolute separation of properties
d. No property relations
Absolute community of property
Properties owned by the spouses before and brought into the marriage will be classified as __________________________ under absolute community and __________________________ under conjugal partnership
a. Community
b. Exclusive
c. Conjugal
Community under absolute community
Exclusive under conjugal partnership
The fruits from exclusive property of each spouse due or received during the marriage are classified as __________________________ under absolute community and __________________________ under conjugal partnership
a. Community
b. Exclusive
c. Conjugal
Exclusive under absolute community
Conjugal under conjugal partnership
Under the system of absolute community, the following are not exclusive property, except:
a. Rental income on a property acquired before marriage
b. Property from which the rental income in “a” was derived
c. Receivable arising from lending of funds inherited before marriage
d. Property owned before marriage for personal and exclusive use of the decedent when he was still alive
Property owned before marriage for personal and exclusive use of the decedent when he was still alive
Under absolute community of property, which of the following is a community property?
a. Property inherited by the surviving spouse during the marriage
b. Property bought during the marriage using the salary of the decedent earned before marriage
c. Personal belongings bought during the marriage for the exclusive use of the decedent
d. None of the above
Property bought during the marriage using the salary of the decedent earned before marriage
Which of the following is exclusive property under the system of conjugal partnership of gains?
a. Property before marriage
b. Inheritance during marriage
c. Property acquired during marriage out of exclusive money
d. All of the above
All of the above
a. Property before marriage
b. Inheritance during marriage
c. Property acquired during marriage out of exclusive money
Which is not an exclusive property of a spouse?
a. That which is brought to the marriage as his or her own
b. That which each acquired during the marriage by gratuitous title
c. That which is acquired by right of redemption
d. That which is purchased with the spouses’ common fund
That which is purchased with the spouses’ common fund
Which of the following distinguishes conjugal property from community property?
a. Properties inherited during marriage
b. Those acquired through occupation during marriage
c. Fruits of exclusive property
d. Income earned by each spouse during marriage
Fruits of exclusive property