RFALIB Quiz No. 1

The thing must be licit and the vendor must have a right to transfer the ownership thereof at the time it is delivered.

In contract to sell, ownership passes to the buyer upon actual or constructive delivery.

The delivery of movable property may likewise be made by the mere consent or agreement of the contracting parties, if the thing sold cannot be transferred to the possession of the vendee at the time of sale, or if the latter had already had it in his possession for any other reason.

The expenses for registration and execution of the sale shall always be borne by the vendor.

A contract to sell, even if accepted by the buyer, is not an absolute sale.

A clause in the contract to sell allowing unilateral automatic rescission on the part of the seller in the event the buyer fails to pay any of the installments due is valid.

In the sale by sample, be it understood that the bulk is like the sample.

A contract of sale is valid, even is at the time of sale, the seller is not the owner of what he is selling.

There is no automatic rescission in sale of movable and immovable property.

The only remedy of the seller in sale of personal property by installment if the buyer’s failure to pay covers two or more installment is to cancel the sale.