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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a characteristic of sale?
Bilateral
Gratuitous
Consensual
Nominate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Silva sold Bien a land, which is owned by Canunto. Is the sale valid?
No, because Silva does not have the right to sell things which he does not own.
No, he should first acquire the title legally from Canuto before he can sell it to Bien.
Yes, it is sufficient that he be the owner at the time he is to deliver the object.
Yes, it is valid until annulled.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the seller is not the owner, the sale is null and void. Which is not an exception?
When the owner of the goods is by his conduct precluded from denying the seller’s authority.
When the goods were sold in a merchant’s store, or in fairs, or markets.
When the seller subsequently acquires title.
When the buyer acquires the property without knowledge of the bad faith of the seller.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ababao and Bancaso entered into a “contract to sell” in private writing involving a specific parcel of land worth P2M. Bancaso paid 50% of the purchase price, balance payable in 3 years. Ababao delivered the land to Bancaso. What is the effect of the delivery of the land to Bancaso?
Bancaso is the owner because there was delivery already.
Bancaso can compel Ababao to execute a deed of sale in a public instrument.
The partial payment made Bancaso the owner of the land.
Ababao is still the owner because the price is not yet fully paid.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dacion en pago is distinguished from sale
The object is always existing and specific.
There is greater freedom in fixing the price.
There is no pre-existing obligation.
The cause is the price.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mimmodto entered the Sugbo Restaurant and ordered a dozen fresh oysters in their shell. While eating, Mimmodto noticed an almost perfect pearl in one of the shells. He is about to take it when Maliksi, the restaurant owner, claims the pearl. To whom does the pearl belong?
To Mimmodto because the contract of sale was already perfected.
To Maliksi, because Mimmodto has not yet paid the food he ordered.
To the State because the pearl is considered as national treasure.
To both Mimmodto and Maliksi, each of them being entitled to half of its price.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Marical Bonifacio orders for his workers 1,000 pieces of T-shirts ranging in size from small to large from Magellan Garments Mfg. Corp. The specified sizes, although not available, are manufactured by said corporation and consigned to its sales outlets regularly. The contract entered into by Mr. Bonaficio with the Magellan Garments Mfg. Corp. is a:
Contract for a piece of work.
Contract subject to a resolutory condition.
A contract of sale.
Answer not given.
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