front 1 As a rule, this contract of sale involving a piece of land is
void, A. Between a minor and a capacitated person. B.
Between two insane persons who did not act during lucid
interval C. Between first degree cousins D. Between husband
and wife | |
front 2 X, 17 years old, sold to Z, of legal age, her necklace worth P20,000
for P15,000. Later, Z sold the necklace to Y for P20,000. Which
of the following statements is correct? A. X has got a voidable
title because at the time of sale, she is a minor B. X can ask
for rescission of the sale to Y because she suffered a lesion of more
than ¼ of the value of the property. C. If Y is in bad
faith, Y becomes the owner of the necklace upon delivery to him but
his title is voidable. D. X can ask for the annulment of
the sale to Y because at the time of sale she is a minor. | back 2 If Y is in bad faith, Y becomes the owner of the necklace upon
delivery to him but his title is voidable. |
front 3 This serves as a proof of the perfection of the contract of
sale A. Dacion en pago B. Option money C.
Delivery D. Arras | |
front 4 A contract of sale is not a(an) A. Onerous contract B.
Accessory contract C. Commutative contract D. Bilateral contract | |
front 5 Warranty against hidden defects is A. An essential
element B. A natural element C. An accidental
element D. An artificial element | |
front 6 When a sale of a piece of land or any interest therein is through an
agent, the authority of the agent shall be in writing, otherwise
the sale is A. Valid B. Voidable C.
Unenforceable D. Void | |
front 7 The sale of an expected thing A. Dacion en pago B. Payment
by cession C. Emptiospei
D. Emptio rei-speratae | |
front 8 The sale of the hope itself A. Dacion en pago B. Payment by
cession C. Emptio spei D. Emptio rei-speratae | |
front 9 One of the following is not correct A. Things subject to a
resolutory condition may be the object of the contract of
sale. B. A thing is generic when it is particularly designated or
physically segregated from all others of the same class. C.
Things having a potential existence may be the object of the contract
of sale. D. The sole owner of a thing may sell an undivided
interest therein | back 9 A thing is generic when it is particularly designated or physically
segregated from all others of the same class. |
front 10 X needs a size of 10 of model 101 of Leather Shoes regularly
available to the public for her boyfriend Z, but the same is out
of stock so she placed an order for one. On the other hand,
Z placed an order for size No. 8, colored violet, (something not
ordinarily made by the company) to be given to X. Which is
correct? A. Both are contracts of sale B. Both are contracts
for a piece of work C. First is a contract of sale second is a
contract for a piece of work D. First is a contract for a piece
of work, second is a contract of sale | back 10 First is a contract of sale second is a contract for a piece of work |
front 11 V offered to sell for P12,000,000 her house and lot to DD who was
interested in buying the same. In her letter to DD, V stated
that she is giving DD a period of one month within which to
raise the amount and that as soon as DD is ready, they will sign the
deed of sale. Five days before the expiration of the one month
period. V went to DD and told her that she is no longer willing
to sell the property unless the price in increased to P15,000,000.
Which is correct? A. DD may compel V to accept the
P12,000,000 first offered. B. V may compel DD to pay
P15,000,000 C. V and DD should shoulder the P3,000,000
difference D. DD cannot compel V to accept the P12,000,000 first offered | back 11 DD cannot compel V to accept the P12,000,000 first offered |
front 12 If the object of the contract is specially made or manufactured at
the specific order of another, it is a contract for a piece of
work. This is
A. English rule B. Massachusetts rule C. New York rule
D. Chicago rule | |
front 13 If the article already exists and subsequently acquired by another,
it is a contract of sale, and if the article is still to be
manufactured at the instance of another, it is a contract for a piece
of work. This is A. English rule B. Massachusetts
rule C. New York rule D. Chicago rule | |
front 14 If the material used in the manufacturer of the article is more
valuable, it is a contract of sale, and if the labor or skill is more
valuable than the material used in the manufacture of the
article, it is a contract for a piece of work. This is A. English
rule B. Massachusetts rule C. New York rule D. Chicago rule | |
front 15 The rule observed in the Philippines is A. English rule B.
Massachusetts rule C. New York rule D. Chicago rule | |
front 16 The Realty Installment Buyer Protection Act applies to all
transactions involving the sale or financing of real estate on
installment but it excludes the following except: A. Sale or
financing of industrial lots B. Sale or financing of commercial
building C. Sale to tenants under the Land Reform Code D.
Sale of residential condominiums | back 16 Sale of residential condominiums |
front 17 Delivery by merely pointing to the object of sale if it cannot be
delivered to the vendee at the time of the sale is A.
Traditio longa manu B. Traditio brevi manu C. Traditio
constitutum possessorium D. Traditio symbolica | |
front 18 Effected when the object of sale is already in the possession of the
vendee at the time of sale so that delivery need no longer be
made is A. Traditio longa manu B. Traditio brevi
manu C. Traditio constitutum possessorium D. Traditio symbolica | |
front 19 When the owner of the thing sells it to vendee, but continues to have
possession or occupation of the thing not as owner but as tenant
or lessee A. Traditio longa manu B. Traditio brevi
manu C. Traditio constitutum possessorium D. Traditio symbolica | back 19 Traditio constitutum possessorium |
front 20 Goods are deemed in transit A. When the buyer accepts delivery
of the goods upon arrival at destination B. When the buyer
intercepts and lawfully takes possession of the goods at any point
before destination. C. From the time they are delivered by
the seller to a common carrier or other bailee for transmission
to the buyer, up to the time that the buyer or his agent takes
delivery of the goods from the carrier or bailee.
D. When the carrier or bailee, upon arrival of the goods at
destination acknowledges to the buyer or his agent that he is
holding the goods as bailee for the latter. | back 20 From the time they are delivered by the seller to a common carrier or
other bailee for transmission to the buyer, up to the time that
the buyer or his agent takes delivery of the goods from the
carrier or bailee |
front 21 Goods are deemed no longer in transit A. If the goods are
rejected by the buyer for a valid reason and the carrier or other
bailee continues in possession of them, even if the seller has
refused to receive them back. B. From the time they are delivered
to a carrier by land, water or air for the purpose of
transmission to the buyer. C. From the time they are
delivered to a bailee for the purpose of transmission to the buyer
until the buyer or his agent in that behalf, takes delivery of
them from such bailee. D. If the carrier or other bailee
wrongfully refuses to deliver the goods to the buyer or his
agent in that behalf. | back 21 If the carrier or other bailee wrongfully refuses to deliver the
goods to the buyer or his agent in that behalf. |
front 22 X sold to V orally a parcel of land for P200,000. X effected the
delivery of the land. The payment of the price was to be made
three month later. At the end of three month period A. V may
refuse to pay claiming in his defense the Statute of Frauds B. V
may return the parcel of land to X C. X can collect from V
because the contract has already been executed D. V may refuse to
pay on the ground that there is no written contract to support the sale. | back 22 X can collect from V because the contract has already been executed |
front 23 On January 15, 2010, X sold for P2M her house and lot to V. It was
agreed that delivery of the house and lot, and the payment
therefore, would be made on March 10, 2010. Unfortunately, Z a
stranger negligently set the house on fire on February 25, 2010, and
the house was completely destroyed. Which is correct? A. V
is not required to pay the P2M since the contract had no subject
matter. B. X must still deliver the lot but is excused from
delivering the house, while V must still pay the P2M C. X
must deliver the lot while V should pay only the amount equivalent to
the value of the lot. D. X need not deliver the lot while V
need not pay the P2M | back 23 X must still deliver the lot but is excused from delivering the
house, while V must still pay the P2M |
front 24 If immovable property should have been sold to different vendees, the
ownership shall be transferred to the person A. Who have
first taken possession in good faith B. Who presents the oldest
title in good faith C. Who in good faith first recorded it in the
Registry of Property D. Who have paid in good faith the purchase
price in full | back 24 Who in good faith first recorded it in the Registry of Property |
front 25 Using the preceding number, if movable property, it shall belong to
the person A. Who have paid in good the purchase price in
full B. Who in good faith first recorded it in the Registry of
Property C. Who presents the oldest title in good faith D.
Who have first taken possession in good faith | back 25 Who have first taken possession in good faith |
front 26 Action by the vendee against the vendor to nullify the sale due to
some vices or defects which render the object of sale unfit for
the use intended or knowledge of which the vendee should not
have bought the thing A. Accion quanti minoris B. Accion
reinvidicatoria C. Accion pauliana D. Redhibilitory action | |
front 27 Action to seek a corresponding reduction in price by reason of some
vices or defects in the thing purchased A. Accion quanti
minoris B. Accion reinvidicatoria C. Accion pauliana D.
Redhibilitory action | |
front 28 The redhibitory action based on the faults or defects of animals must
be brought within A. 30 days from delivery to the vendee B.
40 days from delivery to the vendee C. 45 days from delivery to
the vendee D. 6 months from delivery to the vendee | back 28 40 days from delivery to the vendee |
front 29 In contract of sale, if the price is absolutely simulated, the sale
is A. Unenforceable B. Voidable C. Void D. Rescissible | |
front 30 In a contract of sale, of personal property, the price of which is
payable in installments, the vendor may exercise any of the
following remedies, except A. Exact fulfillment of the
obligation, should the vendee fail to pay any installment B.
Cancel the sale, should the vendee’s failure to pay cover two or more
installment C. Foreclose the chattel mortgage on the thing sold,
if one has been constituted should the vendee’s failure to pay
cover two or more installments D. Rescind the sale should the
vendee fail to pay any installment. | back 30 Rescind the sale should the vendee fail to pay any installment. |
front 31 The right of the seller to stop goods in transit, upon discovering
that the buyer does not have the funds to pay for the
goods A. Pre-emptive right B. Appraisal right C. Voting
right D. Right of stoppage in transit | back 31 Right of stoppage in transit |
front 32 A sold to B a parcel of land for P3.8M. The sale is evidenced by a
memorandum of agreement of sale written in the Bicolano dialect.
One week later, A sold the same parcel of land to C for P4M.
This is evidenced by a formal deed of sale. Upon buying the property,
C, who was aware of the first sale immediately took possession
of the lot. When informed of the second sale, B subsequently
registered an adverse claim to the property. Later, C registered
the deed of sale in her favor. The parcel of land shall belong
to A. B because he has got an older title B. C because he is
the first to register C. C because he is the first to take
possession D. No one as both sales are void | back 32 B because he has got an older title |
front 33 Voluntary renunciation made by the buyer of his right to warranty
against eviction where in case the buyer is evicted, the seller
is liable to the value of the thing at the time of eviction. A.
Waiver intentionada
B. Waiver consciente C. Waiver cursunada D. Waiver inocente | |
front 34 Using the preceding number, where the seller is no longer
liable A. Waiver intentionada B. Waiver consciente C.
Waiver cursunada D. Waiver inocente | |
front 35 A contract of sale whereby the seller acquires the right to redeem or
repurchase the object of the sale from the buyer within a
certain period agreed upon A. Equitable mortgage B. Absolute
sale C. On sale or return D. Pacto de retro sale | |
front 36 A sold to B his car and promised to deliver ten days later. The next
day, after the sale to B, A sold the same car to C and
immediately affected delivery. On the day agreed upon, A did not
deliver the car to B. Which is correct? A. B can cancel the
contract between A and C, because the contract between A and B was
perfected ahead of the contract between A and c B. B should
make the demand to make A in default C. A is liable to B for the
value of the car plus damages after B makes a demand D. A is
liable to B for damages and is in default without need of any demand | back 36 A is liable to B for damages and is in default without need of any demand |
front 37 X sold to V her Yamaha organ. It was agreed that X would fix the
price a week later. At the agreed time, X named the price
P10,000. V agreed. Was the sale perfected? A. No, because the
price was left to the discretion of one of the contracting
parties B. No, because at the time of sale the price was not
fixed C. Yes, because the price fixed by one of the parties was
accepted by the other D. Yes, because there was agreement that X
would fix the price | back 37 Yes, because the price fixed by one of the parties was accepted by
the other |
front 38 Not an implied warranty in a contract of sale A. Right to sell
the thing at the time of perfection of the contract B. Reasonably
fit for the purpose they are acquired C. Merchantable in
quality D. Free from charges or encumbrances not declared or
known to the buyer | back 38 Right to sell the thing at the time of perfection of the contract |
front 39 After the death of C, A, C’s son, sold his inheritance though its
amount has not yet been determined to B for a consideration of
P1,000,000. Which is correct? A. The contract is valid if the
value of inheritance is at least equal to P1,000,000 B. The
contract is valid even though the inheritance to be turned over to B
is less than P1M C. The contract is void as future
inheritance cannot be the object of sale D. The contract is unenforceable | back 39 The contract is valid even though the inheritance to be turned over
to B is less than P1M |
front 40 X stole a fountain pen from P and sold it to Z Merchandise, a “store
for pens”, which paid for it in good faith, not knowing it was
stolen. The “store” then sold it to C, a student.Which is correct?
A. C cannot be considered as the owner because the original seller
(X) is not the real owner. B. P may recover the fountain pen from
C without reimbursement because he is the legal owner. C. C
became the owner because he purchased the pen from a merchant
store D. C became the owner regardless of whether the seller is a
store for pens or not because C bought it in good faith. | back 40 C became the owner because he purchased the pen from a merchant store |
front 41 When goods are delivered to the buyer on “sale or return” for period
of seven days, ownership of the goods passes to the
buyer A. Upon perfection of the contract B. Upon acceptance
by the buyer of the offer of the seller C. Upon expiration of
seven days D. Upon delivery of the goods | back 41 Upon delivery of the goods |
front 42 Quasi-traditio is equivalent to A. Traditio longa manu B.
Traditio brevi manu C. Traditio constitutum possessorium D.
Execution of a public instrument | back 42 Execution of a public instrument |
front 43 Vi imported radios from Taiwan and asked for 220 volts radios. The
radios arrived clearly labeled 220 volts and Vi sold them to the
public as such. Later the customer complained that the radios
have been mislabeled by the manufacturer and that they were good only
for 110 volts. As a consequence A. Vi is liable to the
vendees for any hidden defects even though he is not aware. B. Vi
is not liable because he is in good faith C. Vi is not liable
under the principle of “caveat emptor” or let the buyer beware D.
The vendees may hold the manufacturer liable but not Vi because Vi
specifically asked for 220 volts | back 43 Vi is liable to the vendees for any hidden defects even though he is
not aware. |
front 44 If the redemption is to be made by the seller, one of the following
need not be given to the Buyer A. Expenses of the
contract B. Interest on the price of the sale C. Necessary
expenses on the thing sold D. Price of the sale | back 44 Interest on the price of the sale |
front 45 Not an element of the sellers right of stoppage in transit A.
The goods must be in transit B. The buyer must be
insolvent C. The seller must be in possession of the
goods D. The seller must be unpaid | back 45 The seller must be in possession of the goods |
front 46 A sold his only car to B for P300,000 to be paid as follows: P150,000
upon delivery of the car to B and the balance at P10,000 per
month until full payment of the purchase price. Later the car
gets burned in the possession of B through fortuitous event and
without B’s fault, before full payment of the balance. Is B
obliged to pay the balance? A. No, because the car was lost
through fortuitous event and without B’s fault, hence B’s
obligation is extinguished. B. No, because the loss should
be borne by the seller as this an installment sale so until the
buyer pays the full amount of the price of the sale, A remains
to be the owner.
C. Yes, but A must give another car to B because of the principle
“genus nunquam perit” or generic thing never perishes D.
Yes, because the principle “res perit domino” or the thing perishes
with the owner. | back 46 D. Yes, because the principle “res perit domino” or the thing
perishes with the owner. |
front 47 A, B and C are co-owners of an undivided parcel of land, A sold his
1/ 3 interest to B absolutely. Which is correct? A. C may
exercise his right of redemption of the interest sold by A to
B B. C cannot exercise the right of redemption because the sale
was made in favor of a co-owner C. The sale made by A to B
is void because it was not made in favor of a stranger D. C may
redeem only 1 /2 of the interest sold by A to B | back 47 C cannot exercise the right of redemption because the sale was made
in favor of a co-owner |
front 48 A, B and C are co-owners of an undivided parcel of land, A sold his
1/ 3 interest to B absolutely. Using the preceding number,
suppose, instead of selling his interest to B, A sold it to D, who
can exercise the right of redemption? A. Both B and
C B. B but not C C. C but not B D. A, B and C | |
front 49 Which of the following cannot be the object of a contract of
sale? A. Sale of credit B. Young animal not yet conceived at
the time of perfection C. Land which the seller expects to
buy D. Future inheritance | |
front 50 A offered for sale to B 20 cavans of wagwag rice and fixed the price
per cavan at P10 over the price offered at Z’s store in Cainta
Market. The price is A. Not certain because the price at Cainta
Market is not stated B. Certain because it has got reference to
another thing which is certain C. Certain because there is a
price ceiling for price of land D. Not certain so court may fix
the price | back 50 Certain because it has got reference to another thing which is certain |
front 51 X sold his motor vehicle to V who bought it for P200,000. It turned
out however, that X has 2 motor vehicles: Toyota valued at
P230,000 and Lancer valued at P220,000. Which is
correct? A. There is no contract of sale between X and
V B. The parties may ask for interpretation or
reformation C. The parties can ask for annulment of the
contract D. V may choose between the Toyota or Lancer | back 51 There is no contract of sale between X and V |
front 52 X offers to V 100 electric fans for P80,000 payable in 60 days with
12% interest per annum. V accepted the offer by telegram
provided that interest is reduced to 6%. If there is no further
communication between X and V relating to the terms A. The
contract is perfected because of the acceptance by V B. There is
no contract yet between X and V because V made a counter offer C.
The contract is perfected under the terms of X D. There is no
contract yet unless v gives earnest money | back 52 There is no contract yet between X and V because V made a counter offer |
front 53 X owns 50 mango trees bearing fruits, ready for harvest. She told all
the fruits of all the trees to V who paid P100,000. X told V that
he can harvest her fruits anytime he likes and pointing at the mango
trees. For legal purposes, X has fulfilled her obligation to deliver
the mango fruits to V by A. Traditio longa manu B.
Traditio brevi manu C. Traditio constitutum possessorium D.
Execution of a public instrument | |
front 54 X sold her specific car to V for P200,00 payable in 5 equal
installments. X delivered the car to V but a mortgage was
constituted on the car to answer for the unpaid installments. V paid
the first 2 installments but failed to pay the last 3
installments. X foreclosed the mortgaged property and sold it at
public auction for P100,000. Which is correct? A. X can recover
from V the balance of P20,000 even if there is no stipulation to that
effect B. X can recover from V the balance of P20,000 if there is
stipulation to that effect C. X cannot recover the deficiency
except if there is stipulation to that effect D. X cannot recover
the deficiency even if there is stipulation to the contrary | back 54 X cannot recover the deficiency even if there is stipulation to the contrary |
front 55 Ownership of the thing sold is A. Retained by the seller in
“sale or return B. Transferred to the buyer upon constructive or
actual delivery of the thing sold C. Acquired by the buyer upon
perfection of the contract D. Transferred to the buyer upon
acceptance of the price | back 55 Transferred to the buyer upon constructive or actual delivery of the
thing sold |
front 56 X sold his horse to Y for P40,000. No payment has yet been made and
the sales document does not provide the date of delivery. Before
delivery and payment the horse gave birth to a baby horse, which
is correct? A. Y is entitled to the baby horse which was born
after the perfection of the contract B. X is entitled to the
fruit (baby horse) as Y has not paid the price yet C. X is
entitled to the (baby horse) because it was born before his obligation
to deliver arises D. Y should pay additional amount for the baby
horse to be entitled to it | back 56 Y is entitled to the baby horse which was born after the perfection
of the contract |
front 57 A contract of sale is in the stage of conception when A. There
is meeting of the minds B. Negotiations are in progress C.
The parties come to an agreement D. The contract is perfect | back 57 Negotiations are in progress |
front 58 A seller sold to a buyer a piece of jewelry at a price of P25,000.
The contract provides that the buyer will pay the seller cash,
P20,000 and for the balance, the buyer will give the seller a
micro oven worth P5,000. What is the nature of the contract? A.
Sale B. Partly sale partly barter C. Barter D. Commodatum | |
front 59 X, the guardian of V, sold V’s house and lot worth P480,0000 for
P430,000 A. The contract can be rescinded because of inadequacy
of price B. The contract cannot be rescinded because there is no
fraud, mistake or undue influence C. The contract cannot be
rescinded because all the elements of a contract are present D.
The contract can be rescinded by X. | back 59 The contract can be rescinded because of inadequacy of price |
front 60 X leased to V a 5 Freezer for two years at a lease rental fee of
P1,000 per month and signed an option in favor of V to buy the
freezers at the end of the term of the lease at P50,000.
All rental fee paid are to be considered as partial payment of
the sale. After 12 months V was able to pay the rental fee for 9
months and was in arrears for three months. X terminated the
lease contract and repossessed the freezers. The consequence of
the transaction is A. X can collect the rental fees for three
months which are in arrears. B. X can collect the rental fees for
the unexpired 12 months of the lease contract. C. When X took
possession of the freezer, he has no further action against V D.
X in terminating the lease and repossessing the freezer is obliged to
refund the 9 months rental fee, paid by V even if there is a
stipulation to the contrary | back 60 When X took possession of the freezer, he has no further action
against V |
front 61 X sold his car to Z for P60,000. No date was fixed for the
performance of the obligation of the seller and the buyer. The
obligation of X is A. To deliver the car immediately because the
sale is a perfected contract B. To deliver the car only after Z
writes to X demanding the delivery of the car. C. To deliver the
car only after Z pays the P60,000 D. To rescind the contract
because there is no time fixed for the delivery | back 61 To deliver the car only after Z pays the P60,000 |
front 62 I. The vendor need not be the owner at the time the sale is
perfected. It is sufficient that he is the owner at the time the
thing sold is delivered. II. The sale of a vain hope or
expectancy is voidable. A. First statement is true, second
statement is false. B. First statement is false, second statement
is true. C. Both statements are true. D. Both statements are false. | back 62 First statement is true, second statement is false. |
front 63 I. There may be a contract of sale of goods, whose acquisition by the
seller depends upon a contingency which may or may not
happen. II. If the consideration of the contract consists partly
in money and partly in another thing, it shall be considered a
barter if the value of the thing given as a part of the consideration
exceeds the amount of the money or its equivalent. A. First
statement is true, second statement is false. B. First statement
is false, second statement is true. C. Both statements are
true. D. Both statements are false | back 63 First statement is true, second statement is false. |
front 64 I. If the price is grossly inadequate, the sale is void. II.
Whenever option money is given in a contract of sale, it shall be
considered as part of the price and a proof of the perfection of
the contract. A. First statement is true, second statement is
false. B. First statement is false, second statement is
true. C. Both statements are true. D. Both statements are false | back 64 Both statements are false |
front 65 I. Earnest money and option money both apply to perfected
sale. II. In a contract of sale of personal property the price of
which is payable in installment, the vendor may cancel the sale
should the vendee fail to pay
A. First statement is true, second statement is false. B. First
statement is false, second statement is true. C. Both statements
are true. D. Both statements are false | back 65 Both statements are false |
front 66 I. Should the vendee’s failure to pay, cover two or more
installments, the vendor may foreclose the chattel mortgage on
the thing sold but he shall have no further action against the
purchaser to recover any unpaid balance of the price, except if there
is an agreement to the contrary. II. Sale is a consensual
contract, therefore delivery or payment is not essential for
perfection. A. First statement is true, second statement is
false. B. First statement is false, second statement is
true. C. Both statements are true. D. Both statements are false | back 66 First statement is false, second statement is true. |
front 67 I. The ownership of the thing sold shall be transferred to the vendee
upon perfection of the contract. II. An unaccepted
unilateral promise to buy or to sell a determinate thing for a price
certain is binding upon the promissory. A. First statement
is true, second statement is false. B. First statement is false,
second statement is true. C. Both statements are true. D.
Both statements are false | back 67 Both statements are false |
front 68 I. The husband and the wife cannot sell property to each other, as a
rule. II. The sale of a piece of land or interest therein when
made thru an agent is void unless the agent’s authority is in
writing even if the sale itself is in s public instrument and has been
registered. A. First statement is true, second statement is
false. B. First statement is false, second statement is
true. C. Both statements are true. D. Both statements are false | back 68 Both statements are true. |
front 69 I. The expenses for the execution and registration of the sale shall
be borne by the vendee, unless there is a stipulation to the
contrary. II. If the same thing should have been sold to
different vendees the ownership shall be transferred to the
person who may have taken possession thereof in good faith. A.
First statement is true, second statement is false. B. First
statement is false, second statement is true. C. Both statements
are true. D. Both statements are false | back 69 Both statements are false |
front 70 I. Any stipulation exempting the vendor from the obligation to answer
for eviction shall be void. II. The vendor is responsible
to the vendee for any hidden faults or defects in the thing sold
only if he was aware thereof. A. First statement is true,
second statement is false
B. First statement is false, second statement is true. C. Both
statements are true. D. Both statements are false | back 70 Both statements are false |
front 71 I. If the animal sold should die within three (3) days after its
purchase, the vendor shall be liable to the vendee. II. The
fixing of the price can never be left to the discretion on one of the
contracting parties. However, if the price fixed by one of the
parties is accepted by the other, the sale is perfected. A.
First statement is true, second statement is false. B. First
statement is false, second statement is true. C. Both statements
are true. D. Both statements are false | back 71 First statement is false, second statement is true. |
front 72 I. Option money is considered as part of the purchase price while
earnest money is not. II. The Maceda Law refers to the sale of
personal property by installments while the Recto Law refers to
the sale of real property by installments. A. First statement is
true, second statement is false. B. First statement is false,
second statement is true. C. Both statements are true. D.
Both statements are false | back 72 Both statements are false |
front 73 I. If two or more animals are sold together, whether for lump sum or
for a separate price for each of them, the redhibitory defect of
one shall give rise to the redhibition of the others. II. There
is no warranty against hidden defects of animals sold at fairs or at
public auctions or of livestock sold as condemned. A. First
statement is true, second statement is false. B. First statement
is false, second statement is true. C. Both statements are
true. D. Both statements are false | back 73 First statement is false, second statement is true. |
front 74 I. The ownership in the thing shall not pass to the purchaser until
he has fully paid the price. II. If at the time the contract of
sale is perfected, the thing which is the object of the contract
has been partially lost, the contract shall be without
effect. A. First statement is true, second statement is
false. B. First statement is false, second statement is
true. C. Both statements are true. D. Both statements are false | back 74 Both statements are false |
front 75 I. Where the seller of goods has a voidable title thereto, but his
title has not been avoided at the time of the sale, the buyer
acquires a good title to the goods. II. If the vendee has
renounced the right to warranty in case of eviction, and eviction
should take place, the vendor shall only pay the value which the
thing sold had at the time of sale. A. First statement is true,
second statement is false. B. First statement is false, second
statement is true. C. Both statements are true.
D. Both statements are false | back 75 First statement is true, second statement is false. |
front 76 I. Unless otherwise agreed, the buyer of goods is not bound to accept
delivery thereof by installment. II. In case of doubt, a
contract purporting to be an equitable mortgage shall be construed as
a sale with a right to repurchase. A. First statement is
true, second statement is false. B. First statement is false,
second statement is true. C. Both statements are true. D.
Both statements are false | back 76 First statement is true, second statement is false. |
front 77 The creditors of the vendor cannot make use of the right of
redemption against the vendee, until they have exhausted the
property of the vendor. II. Sale is a real contract because
delivery is necessary to transfer ownership to the buyer. A.
First statement is true, second statement is false. B. First
statement is false, second statement is true. C. Both statements
are true. D. Both statements are false | back 77 First statement is true, second statement is false. |