WorksheetsLaw on Sales Agency and Credit Transaction
Total questions: 20
Worksheet time: 20mins
it is when required by law commonly understood to mean an undertaking that is sufficiently secured and not for cash or currencies
(a)
Is a contract whereby the parties, by making reciprocal concessions, avoid a ligitation or put an end to one already commenced.
(a)
By the contract of agency a person binds himself to render some service or to do something in representation or on behalf of another,
(a)
is a kind of commodatum where th bailor may demand the thing at will
(a)
Include all transactions involving the purchase or loan of goods, services, or money in the present with a promise to pay or deliver in the future
(a)
is a written authorization to an agent to perform specefied acts in behalf of his principal which acts, when performed, shall have bhinding effect on the prncipal.
(a)
Is the power of the agent to affect the legal relations of the principal by acts done in accordance with the principal’s manifestation of consent to him.
(a)
is wherein the delivery is made by the will of the depositor
(a)
takes place when attachment or seizure of property in ligitation is ordered.
(a)
may be define as a relation which exist where one person has undertaken an obligation an another person ( principal ) another person ( surety ) is also under a direct and primary obligation or other duty to the obligee.
(a)
a stipulation whereby the thing pledge or mortgage shall automotically become the property of the creditor in the event of non payment of the debt within the terms fixed is known us (a)
Is the contract bu virtue of which personal property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation.
(a)
is an oath in a contract of chattel mortgage wherein the properties “severally swear that the mortgage is made for the purpose of securing the obligation specefied in the conditions thereof and for no other purposes and that the same is just and valid obligations and not enter into for the purpose of fraud.
(a)
A contract of virtue by which the debtor delivers to the creditors or to a third person a movable, or instrument evidincing incorporeal rights for the purpose of securing the fulfillment of the principal obligations and the things shall ne returned with all its fruits and accessions.
(a)
Is a contract whereby the debtors secures to the creditor the fulfillment of a principal obligation, subjecting to such security, immovable property or real rights over immovable property in case the principal obligation is not complied with at the time stipulated.
(a)
may be defined as transactions by which the mortgagor owner of mortgage property reacquires or buys back the property within certain period and for certain amount after his default or after the foreclosure sale of the property for the satisfaction of mortgage debt.
(a)
is the remedy available to the mortgage by which his subjects the mortgage property to the satisfaction of tue obligation to secure which the mortgage was given through the sale of property at public auction and the application kf the proceeds thereof to the payment pf his claim.
(a)
is the compensation allowed by law or fixed by the parties for the loan or for bearance of money, goods or credits.
(a)
it is a (a) lik commodatum and mutuum because it is perfected by the delivery of subject matters.
is a bar by which precludes a person from denying or asserting anything contrary to that which has been established as the truth by his own deed or representation either express or implied.
(a)
