
Sales Activity # 3
Quiz
•
Other
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Professional Development
•
Practice Problem
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Hard
Kathryn Bullecer
Used 1+ times
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20 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following is a principal obligation of a vendor? Choose all that apply.
to transfer ownership
To deliver the thing
To pay for expenses even if there is a contrary agreement
To take care of the thing, pending delivery, with extraordinary diligence
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the different ways of effecting a constructive delivery? Choose all that apply.
traditio longa manu
traditio brevi manu
tradition constitutum possessorium
tradition res perit domino
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
It is a derivative mode of acquiring ownership by virtue of which one who has the right and intention to alienate a corporeal thing, transmits it by virtue of a just title to one who accepts the same
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of sale wherein the goods are delivered to the buyer but ownership does not pass to the buyer upon delivery. Ownership only passes when the buyer signifies his approval of the goods delivered.
Sale on return
Sale on option
Sale on trial
Sale on credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of sale wherein ownership passes to the buyer upon delivery but he has the option to return the goods instead of paying the price.
Sale on return
Sale on option
Sale on trial
Sale on satisfaction
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
B purchases goods from S. S delivers the goods through a third-party carrier. When is delivery to a carrier not considered delivery to the buyer? Choose all that apply.
When the parties agree that delivery does not transfer ownership
when ownership is reserved by the seller
when seller exercises right of stoppage in transitu
When the carrier already has possession of the goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
B purchased S's goods. However, S retains ownership of the goods to ensure that B pays the full purchase price. During the delivery, the goods were lost due to a fortuitous event. Who shoulders the loss?
Regardless of S's reservation, B must shoulder the loss since there was already delivery.
S should shoulder the loss since the goods were lost while S still owned the goods.
The carrier, since he is still liable even if the loss is due to fortuitous event
B, S, and the carrier are equally responsible
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