Contract of Sale and Obligations of Vendor and Vendee Quiz

Contract of Sale and Obligations of Vendor and Vendee Quiz

University

10 Qs

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Contract of Sale and Obligations of Vendor and Vendee Quiz

Contract of Sale and Obligations of Vendor and Vendee Quiz

Assessment

Quiz

Other

University

Hard

Created by

Accrued DD

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the general rule, who bears the risk of loss, deterioration, and fruits before the perfection of the contract?

Buyer

Seller

Depends on the type of subject matter

Both seller and buyer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the legal consequence if the subject matter of the sale is lost after the perfection of the contract but before delivery?

The buyer can no longer be compelled to pay the price

The seller must deliver a replacement item

The seller must refund the amount paid by the buyer

The contract becomes void

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the obligation of the vendor with regard to the delivery of fruits and accessories existing from the time of perfection of the sale?

The vendor must deliver them to the buyer

The vendor must sell them separately

The vendor is not obligated to deliver them

The vendor must preserve them until delivery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the case of a sale by a non-owner, what title does the buyer acquire according to the general rule?

No title at all

Full ownership

Title equivalent to the actual owner's

Title equivalent to the seller's

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the legal effect of a sale by a seller with a voidable title in good faith and without notice of the defect?

The sale is void

The buyer acquires title of the goods

The seller must refund the amount paid by the buyer

The buyer has no legal recourse

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When must the buyer accept the delivery of the thing sold?

At the time and place stipulated in the contract

Only after examining the goods

At the time and place of delivery of the goods

At the time and place of payment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the obligation of the vendee with regard to the payment of the price?

The vendee is not obligated to pay the price until after delivery

The vendee must pay the price only if the goods are of satisfactory quality

The vendee must pay the price only if the seller demands it

The vendee must pay the price according to the terms agreed upon

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