Law on Sales Quiz

What is an obligation according to Article 1156?

• A juridical necessity to give, to do or not to do

• A moral duty to help others

• A legal requirement to perform a task

• A voluntary agreement between parties

Which of the following is NOT a source of obligations as per Article 1157?

• Contracts

• Law

• Quasi-Contracts

• Friendship

According to Article 1170, who is liable for damages?

• Those guilty of fraud, negligence, or delay

• Those who are unaware of their obligations

• Those who fulfill their obligations on time

• Those who perform their obligations perfectly

What constitutes a contract as per Article 1305?

• An oral agreement between friends

• A meeting of minds between two persons

• A written agreement between two parties

• A legal document signed by a notary

Which of the following is NOT a requisite for a valid contract according to Article 1318?

• A witness to the contract

• Cause/Consideration of the obligation

• Object certain which is the subject matter

• Consent of the contracting parties

What does Article 1356 state about contracts?

• They must be notarized to be enforceable

• They are obligatory regardless of form if essential requisites are present

• They can only be verbal agreements

• They must be in writing to be valid

According to Article 1358, which contracts must appear in a public document?

• Sales of goods

• Contracts for services

• Acts and contracts creating real rights over immovable property

• Verbal agreements

What is the definition of a contract of sale as per Article 1458?

• A promise to deliver goods in the future

• A contract where one party transfers ownership for a price

• A verbal agreement between two parties

• An agreement to exchange services

According to Article 1459, what must the thing in a sale be?

• A promise

• A service

• A gift

• Licit and within the commerce of men

What does Article 1460 state about a determinate thing?

• It must be a physical object

• It must be capable of being made determinate

• It must be a service

• It must be a promise