As a notary what will y - Study guides, Class notes & Summaries

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...

DLSU Manila ACTREG2 Midterm Examination 1. LA Lakers entered into a contract with Nike Inc to provide two pairs of basketball shoes for Kobe Bryant and Andrew Bynum. No pair was, however, available at the time of perfection of the contracts. Kobe wears 10” basketball shoes which Nike normally manufactures for the general market while Andrew wears 20” basketball shows which will be manufactured specially for Andrew. What contracts are entered into by the parties? a. Both contracts of sale b. ...

The following are the requisites of an obligation, except: a. Passive subject, debtor or obligor. - The party who has the right to demand. b. Active subject, creditor or oblige. -the party who is obliged to perform. c. Efficient cause. -legal or juridical tie which binds the parties. d. Demand.Test 1 Multiple Choice 1. The following are the requisites of an obligation, except: a. Passive subject, debtor or obligor. - The party who has the right to demand. b. Active subject, creditor or oblige. -...

RERA Real Estate Regulatory Authority Questions with complete solutions Main policy of RERA set policy, procedure and such for transactions in real estate in order to increase foreign investments and have one central place to secure all parties involved. Emaar developed the springs, meadows, parts of marina, burj khalifa, the greens, lots of downtown nakheel developed palm jumeiarh, international city, land department established 1960 january organize transaction...

Notarial Acts - The six enumerated notarial powers authorized by RULONA are: - ANSWER-1. Taking an acknowledgment 2. Administering an oath or affirmation 3.Taking a verification on oath or affirmation (includes an affidavit) 4. Witnessing or attesting a signature - note that this is a new notarial act 5. Certifying or attesting a copy or deposition - note that "taking a deposition" is nolonger an enumerated notarial act 6. Noting a protest of a negotiable instrument Notary St...

Process for taking an acknowledgement - ANSWER-1) The signer must appear before the notary. 2) The signer must declare that they have voluntarily signed the document. 3) Ask something like ""Do you acknowledge that this is your signature and that you are executing this document of your own free will?" 4) If the answer is affirmative complete a certificate which states that the execution of the document was acknowledged by the signer. Documents that typically require taking an acknowledg...

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...

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...

LPL4805 ASSIGNMENT 01 SOLUTIONS, SEMESTER 1, 2022 QUESTION 1 John and Legato intend to get merited out of community of property. However, John, will be traveling to England soon and will return to South Africa on the day of their wedding. John will not have an opportunity to appear before a notary to execute their antenuptial contract before the solemnization of their marriage. John and Legato approached Mr Mbatha, a practising attorney in Pretoria for legal assistance. How can Mr Mbatha as...

1. Which of the fol following lowing cannot be lawf lawfully ully exercised by a non-stock corporation? a. Pay dividend b. Elect trustees c. Amend the Articles of Incorporation d. Adopt by-laws 2. A b ond issue to pay-off prior floating in indebtedness debtedness of th the e corporation issuing it is called a. Convertible bond b. Equipment bond c. Collateral bond d. Funding bond 3. 4. 5. A bond secured by stocks or other bon bonds ds or both which are owned by the debtor, the securities being de...