Scribd Logo
Upload

Welcome to Scribd!

  • 112 views

    Sales Mid Term

    Uploaded by

    John Paul
    This document contains 10 multiple choice questions about contracts of sale under Philippine law. It addresses key concepts like defining a contract of sale, the obligations that arise from a perfected contract of sale, elements of a contract of sale, differences between conditional and absolute sales and contracts of sale versus contracts to sell. Several questions provide hypothetical scenarios testing whether specific agreements would constitute valid contracts of sale and whether parties in those scenarios would have valid legal claims or defenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Sales Mid Term

    Uploaded by

    John Paul
    112 views1 page
    This document contains 10 multiple choice questions about contracts of sale under Philippine law. It addresses key concepts like defining a contract of sale, the obligations that arise from a perfected contract of sale, elements of a contract of sale, differences between conditional and absolute sales and contracts of sale versus contracts to sell. Several questions provide hypothetical scenarios testing whether specific agreements would constitute valid contracts of sale and whether parties in those scenarios would have valid legal claims or defenses.

    Original Title

    sales-mid-term

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains 10 multiple choice questions about contracts of sale under Philippine law. It addresses key concepts like defining a contract of sale, the obligations that arise from a perfected contract of sale, elements of a contract of sale, differences between conditional and absolute sales and contracts of sale versus contracts to sell. Several questions provide hypothetical scenarios testing whether specific agreements would constitute valid contracts of sale and whether parties in those scenarios would have valid legal claims or defenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    112 views1 page

    Sales Mid Term

    Uploaded by

    John Paul
    This document contains 10 multiple choice questions about contracts of sale under Philippine law. It addresses key concepts like defining a contract of sale, the obligations that arise from a perfected contract of sale, elements of a contract of sale, differences between conditional and absolute sales and contracts of sale versus contracts to sell. Several questions provide hypothetical scenarios testing whether specific agreements would constitute valid contracts of sale and whether parties in those scenarios would have valid legal claims or defenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    SALES

    1. Define contract of sale. 3 pts


    2. The perfection of the contract of sale gives rise to two sets of obligations. What are these two
    sets of obligations? Explain. 3pts
    3. What are the elements of a contract of sale? Explain each element. 4pts
    4. Distinguish between a conditional sale, on the one hand, and an absolute sale, on the other
    hand. 3 pts
    5. Distinguish between a contract of sale and a contract to sell. 4 pts
    6. Explain: Sale is a form of “title” not a “mode”. 3 pts
    7. A transferred to B a parcel of land for the price of 1million pesos. It was agreed in the contract
    that B will pay 400,000 in cash and that for the remaining amount, he will convey his old Ford
    Ranger Wildtrak, now valued at 600,000. What kind of contract is this? 5pts
    8. A granted B the exclusive right to sell his assembled bicycles in Butuan City, the price is payable
    within 60 days from delivery, and promising B a commission of 20% on all sales. After the
    delivery of the bicycles to B, but before he could sell any of the bicycles, B’s store was
    completely burned without his fault, together with all of the bicycles. Must B pay A for his lost
    bicycles. Why? 5pts
    9. Spouses Kim and Kara wanted to sell their house. They found a prospective buyer Rey. Kara
    negotiated with Rey for the sale of the property. They agreed on a fair price of 2 million pesos.
    Rey sent Kara a letter confirming his intention to buy the property. Rey then prepared a deed of
    sale to be signed by the couple and a manager’s check for 2 million. After receiving the 2 million,
    Kim signed the Deed of Sale. However, Kara was not able to sign it because she was abroad. On
    her return she refused to sign the document saying she changed her mind. Kara filed a suit for
    nullification of the Deed of Sale and for moral and exemplary damages against Rey. Will the suit
    prosper? 10 pts
    10. In 1999, Vicente Salavador married Ignacia Avila but had been separated de facto in 2001. Lot
    was registered under the name of the spouses. Vicente filed a petition for administration and
    appointment of guardian where he misrepresented that his wife, Ignacia died in 2002 and that
    he and their minor children were her only heirs.

    In March 2004, respondent Spouses Mijares bought the lot thus a new title was issued to them.
    In December 2005, Ignacia sent a letter demanding the return of her ½ share in the lot. Failing to
    settle amicably, Ignacia instituted a complaint for Annulment of Sale against Spouses Mijares
    and Vicente.

    The Spouses Mijares claimed that they are purchasers in good faith and that the sale was valid.

    What is the status of the sale of the lot to respondent spouses, and should it be annulled in its
    entirety or only with respect to the share of Ignacia? Were the respondents innocent purchasers
    for value? 10 pts

    You might also like