Quiz 1 BusLaw2
1. A sold to B a parcel of land for 300k. Delivery and payment were to be made after 6
months. When the said date arrived, A refused to deliver the land. Can B compel A to
deliver.
No, unenforceable
2. A deposit paid by a prospective buyer to show good faith intention
Option money
3. Where the seller of goods has a voidable title… the buyer acquires title to the goods.
Such acquisition of title has the requisites, except
The party from whom…
4. May a spouse freely donate communal or conjugal property without the consent of the
other?
Yes, provided the donation is moderate and intended for charity or family
rejoicing
5. (I) if the price is simulated, the sale is voidable…
(II) if the real price is not stated…
Only II is true
6. When bilateral contracts, like sale, are vitiated with the vices of consent, they are
rendered:
Voidable
7. S sells to B an animal for 10k. The contract is:
Unenforceable
8. B called on S at the shoe factory…
The contract between S and B is enforceable even if it is still to be executed
9. Solo sold to Bolo a specific car for 200k payable in 4 equal installments…
Solo can recover from Bolo the balance of 200k if there is a stipulation to that
effect
10. Sony sells to Billy his 2013 Honda car…
There is no sale but Billy must pay a reasonable price
11. In a contract of sale, warranty against hidden defect is
Natural element
12. S and B entered into a contract whereby S transferred to B a specific car for the price of
200k…
The contract is a valid contract of sale as intended…
13. Sale of an expected thing
Emptio rei speratae
14. X sold Y 100 sacks of rice that Y was to pick up…
Yes, automatic…
15. In a sale, the buyer is entitled and has the right to the fruit of the thing from the time:
The obligation to deliver the thing sold arises
16. S orally offered to sell a certain diamond ring to B for 50k…
S may collect from B 49k
17. S sold his only cat to B. Before delivery and payment, the cat gave birth to a kitten
S is entitled to the fruit because it was born before delivery
18. A sold and delivered her diamond ring to B…
Yes, the price stated…
19. Three of the following instances will render an offer… which one will not?
Intoxication of either party
20. The essential elements of a contract of sale are, except:
Written contract
21. Knowing that the car had a hidden crack…
Yes, since the defect was not hidden…
22. Lino entered into a contract to sell with Ramon…
Void
23. (I) in contract of sale, the buyer receives the goods as owner
(II) in agency to sell, the agent receives the goods…
Both I and II are true
24. It is given by the buyer to the seller to bind the bargain
Earnest money
25. A characteristic of a contract of sale which deals with the fact that the thing sold…
CommutativeThis is the money given by the buyer
26. A warranty inherent in a contract of sale…
Warranty against eviction
27. Adel sold to Bella the former’s horse for 50k…
To deliver the horse upon payment by Bella of 50k
28. A special MOP where the debtor offers another thing…
Dation in payment
29. When a small quantity is exhibited…
Sale by sample
30. A contract of sale is valid (assuming all…)
Public policy
31. Is manifested by the meeting of the offer and the acceptance upon the thing…
Consent or meeting of the minds
32. (I) there must first be a contract of sale…
(II) earnest money applies…
Both I and II are true
33. Three of the following are conditional sale. Which is the exception?
Sale of a vain hope
34. The matters below pertain to either a contract…
Items I and III pertain to a contract of sale
35. If the price is uncertain
The transaction is void
36. Consideration in sale…
1st is false; 2nd is true
37. The Recto Law is applicable:
Sale of car on installment where the buyer constituted a mortgage on his vehicle.
38. A Seller sold to a Buyer a piece of jewelry at a price of 20k…
Sale
39. Three of the following are characteristics of a contract of sale. Which one is not?
Accessory contract
40. This is the money given by the buyer to the seller to bind the bargain; considered a
partial payment
Earnest money
41. In a contract of sale, the thing must be licit and…
False
42. The fixing of the price can never be left…
True
43. If only one of the parties to a sale…
True
44. Future things may not be the object of a contract of sale…
False
45. S orally sold B a piece of land 1M where the latter…
True
46. As a general rule, if the thing subject of a contract of sale…
True
47. Consent is still present where there is merely…
False
48. In sale, what the law requires…
True
49. A sale by auction is perfected…
True
50. A contract of sale is a mode of acquiring ownership
False
51. While consent is an essential element, there can be a sale…
True
52. The ownership of the thing sold…
True
53. If Sam orally/verbally sell his parcel of land to Ben…
False
54. In order that the price may be considered certain…
True
55. In formation of contracts…
False
56. A contract of sale is normally commutative but not onerous
False
57. The price is not considered certain if its determination…
False
58. The right to the fruits of the thing sold belongs to the vendee…
True
59. If the price is grossly inadequate…
False
60. A contract of sale is a consensual contract…
False
61. In distinguishing Earnest Money from Option Money, Earnest Money is:
Given only when there is a perfected contract of sale
62. Sale of a mere hope or expectancy that the thing will come to existence.
Emptio spae
63.
