Law on Sales
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
Between husband and wife
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.
If Y is in bad faith, Y becomes the owner of the necklace upon delivery to him but his title is voidable.
This serves as a proof of the perfection of the contract of
sale
A. Dacion en pago
B. Option money
C.
Delivery
D. Arras
Arras
A contract of sale is not a(an)
A. Onerous contract
B.
Accessory contract
C. Commutative contract
D. Bilateral contract
Accessory contract
Warranty against hidden defects is
A. An essential
element
B. A natural element
C. An accidental
element
D. An artificial element
A natural element
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
Void
The sale of an expected thing
A. Dacion en pago
B. Payment
by cession
C. Emptiospei
D. Emptio rei-speratae
Emptio rei-speratae
The sale of the hope itself
A. Dacion en pago
B. Payment by
cession
C. Emptio spei
D. Emptio rei-speratae
Emptio spei
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
A thing is generic when it is particularly designated or physically
segregated from
all others of the same class.
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
First is a contract of sale second is a contract for a piece of work
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
DD cannot compel V to accept the P12,000,000 first offered
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
Massachusetts rule
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
New York Rule
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
English Rule
The rule observed in the Philippines is
A. English rule
B.
Massachusetts rule
C. New York rule
D. Chicago rule
Massachusetts rule
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
Sale of residential condominiums
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
Traditio longa manu
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
Traditio brevi manu
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
Traditio constitutum possessorium
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.
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
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.
If the carrier or other bailee wrongfully refuses to deliver the
goods to the buyer or
his agent in that behalf.
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.
X can collect from V because the contract has already been executed
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
X must still deliver the lot but is excused from delivering the
house, while V must
still pay the P2M
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
Who in good faith first recorded it in the Registry of Property
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
Who have first taken possession in good faith
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
Redhibilitory action
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
Accion quanti minoris
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
40 days from delivery to the vendee
In contract of sale, if the price is absolutely simulated, the sale
is
A. Unenforceable
B. Voidable
C. Void
D. Rescissible
Void
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.
Rescind the sale should the vendee fail to pay any installment.
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
Right of stoppage in transit
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
B because he has got an older title
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
Waiver consciente
Using the preceding number, where the seller is no longer
liable
A. Waiver intentionada
B. Waiver consciente
C.
Waiver cursunada
D. Waiver inocente
Waiver intentionada
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
Pacto de retro sale
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
A is liable to B for damages and is in default without need of any demand
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
Yes, because the price fixed by one of the parties was accepted by the other
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
Right to sell the thing at the time of perfection of the contract
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
The contract is valid even though the inheritance to be turned over
to B is less than
P1M
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.
C became the owner because he purchased the pen from a merchant store
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
Upon delivery of the goods
Quasi-traditio is equivalent to
A. Traditio longa manu
B.
Traditio brevi manu
C. Traditio constitutum possessorium
D.
Execution of a public instrument
Execution of a public instrument
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
Vi is liable to the vendees for any hidden defects even though he is not aware.
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
Interest on the price of the sale
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
The seller must be in possession of the goods
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.
D. Yes, because the principle “res perit domino” or the thing perishes with the owner.
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
C cannot exercise the right of redemption because the sale was made
in favor of a
co-owner
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
Both B and C
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
Future Inheritance
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
Certain because it has got reference to another thing which is certain
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
There is no contract of sale between X and V
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
There is no contract yet between X and V because V made a counter offer
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
Traditio longa manu
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
X cannot recover the deficiency even if there is stipulation to the contrary
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
Transferred to the buyer upon constructive or actual delivery of the thing sold
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
Y is entitled to the baby horse which was born after the perfection of the contract
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
Negotiations are in progress
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
Sale
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.
The contract can be rescinded because of inadequacy of price
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
When X took possession of the freezer, he has no further action against V
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
To deliver the car only after Z pays the P60,000
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.
First statement is true, second statement is false.
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
First statement is true, second statement is false.
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
Both statements are false
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
Both statements are false
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
First statement is false, second statement is true.
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
Both statements are false
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
Both statements are true.
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
Both statements are false
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
Both statements are false
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
First statement is false, second statement is true.
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
Both statements are false
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
First statement is false, second statement is true.
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
Both statements are false
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
First statement is true, second statement is false.
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
First statement is true, second statement is false.
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
First statement is true, second statement is false.