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SALES Sale, concept A contract whereby one of the contracting parties (known the seller or vendor), obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, (known as the buyer or vendee),obligates himself to pay therefor a price certain in money or its equivalent. (See Art. 1458) Elements of a contract of sale 1. Essential elements/requisites - Those without which a contract of sale would not exist. a. Consent of the contracting parties b. Subje...

BSA 5203 Sales Pledge Corporation SALES 1. A contract of sale is not a: a. principal contract b. nominate contract c. consensual contract d. real contract 2. When the goods are delivered to the buyer, the owners thereof passes to the buyer in: a. sale of approval b. sale of return c. sale on trial d. contract to sell 3. A contract whereby one of the contracting parties obligates himself to transfer the ownership of and to deliver determinate thing and other to pay thereof a price ce...

S offered to sell to B his house and lot for P10,000,000. In order to pressure B into buying said house and lot, T, a very good friend of S, threatened B with death as a result of which B accepted the offer of S. It turns out now that the market value of the house and lot is P15,000,000. Is the contract of S and B valid? Answer: The contract is voidable because the consent given by B is anyway vitiated even if the intimidation was employed by a third person Ms. Maputi agreed to live with Mr. Huk...

DLSU Manila ACTREG2 Quiz One 1. D orally borrowed P1,000 cash from C evidenced with conventional interest of 1% per month. In order to secure the said loan, P orally pledged and delivered the cellphone of D to C. Aside from that, G orally guaranteed the contract of loan of D to C. Among the agreements entered into, which is valid? a. Contract of loan and contract of guaranty b. Contract of loan and contract of pledge c. Contract of guaranty and agreement to pay interest d. Contract of pledge and...

COVERAGE: Contract of sales Direction: Read and select the best answer for the following questions. 1. It is a contract whereby one of the contracting parties, known as the seller or vendor, obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, known as the buyer or vendee, obligates himself to pay therefore a price certain in money or its equivalent. a. Contract of Sales b. Contract of Agency c. Contract of Partnership d. Contract of Pledge 2. T...

1 PRTC OBLIGATION 1. A mango tree in the land of O is reclining towards the road. All of a sudden, without a storm or an earthquake or even strong wind, the tree falls hitting a car belonging to X causing a P20, 000 damage. The liability of O to X arises from: a. a. Law b. Contract c. Quasi –contract d. Delict e. Quasi – delict 2. The obligation of the employer to pay death benefits and funeral expenses for his employer’s death while in the course of employment as sanctioned by the Workmen...

BSA 5203 Sales Pledge Corporation Questions & answers 2023 SALES 1. A contract of sale is not a: a. principal contract b. nominate contract c. consensual contract d. real contract 2. When the goods are delivered to the buyer, the owners thereof passes to the buyer in: a. sale of approval b. sale of return c. sale on trial d. contract to sell 3. A contract whereby one of the contracting parties obligates himself to transfer the ownership of and to deliver determinate thing...