Name: ___________________________________________ Date: ______________

Year & Section: ___________________________________

This quiz consists of two (2) parts; MULTIPLE CHOICE and TRUE OR FALSE

PART I.

MULTIPLE CHOICE. Choose the letter of the correct answer. Encircle the letter that corresponds your
answer.

1. It is one of the characteristics of a contract of sale which doesn't depend on other contract for existence.
a. Consensual b. principal c. Nominate d. Commutative
2. Refers to the elements which are deemed to exist in certain contracts even in the absence of some stipulations.
a. Natural Elements b. Accidental elements c. absolute d. Conditional
3. This contract of sale is not subject to any condition
a. Contract to sell b. Conditional Contract of Sale
c. Absolute contract of sale d. None of the above
4. Below are some examples of accidental elements except.
a. Conditions b. Interest c. Penalty d. Warranty against
eviction
5. It a contract whereby a person binds himself to render some service or to do something in representation or on
behalf of another, with the consent or authority of the latter.
a. contract of agency b. Contract of barter/exchange
c. contract for a piece of work d. None of the above
6. When goods are delivered to the buyer on ‘sale or return’, the ownership passes to the buyer:
a. upon delivery of the things b. upon meetings of minds
c. upon the return of the things to the seller d. None of the above
7. ______________ is assent to become owner of the specific goods when delivery of the is offered to the
buyer.
a. delivery b. acceptance
c. actual delivery d. transfer of ownership
8. What is the effect if the price is simulated or false
a. The contract is void b. The contract is valid.
c. The contract is rescissible. d. The contract is voidable.
9. It cover the period from the time the prospective contracting parties indicate interest
a. Negotiation b. Perfection
c. Consummation d. Counter offer
10. It is a stage where the parties perform their respective undertakings.
a. Negotiation b. Perfection c. Consummation d. Counter offer
11. Sales in public auction is perfected by:
a. Fall of the hammer b. any other manner/any customary manner
c. a or b d. none of the above
12. When the buyer, after the delivery of goods, does any act inconsistent with the seller’s ownership.
a. Rescission b. Implied Acceptance c. Delivery d. Implied Acceptance
13. Principle which states that the thing perishes with the owner.
a. Res perit domino b. Genus nunquam perit c. Negotiorum gestio d. Solutio
indebti
14. Who is liable for the loss before perfection?
a. Seller b. Buyer c. Carrier d. Agent
15. It is the voluntary administration of the property of another without his consent?
a. Quasi-contract b. Solution Indebiti c. Contract d.
Negotiorum gestio
16. D is obliged to give C a specific car if C passes the Bar Exam, D’s obligation is an example of:
 a. Pure obligation
b. An obligation with a resolutory condition
c. An obligation with a period
d. An obligation with a suspensive condition
17. A thing is considered as lost when it:
a. Perishes;
b. Goes out of commerce; or
c. Disappears in such a way that its existence is unknown or cannot be recovered
d. Extinguished the obligation
18. It is money is given by the buyer to the seller to bind the bargain. It is actually a partial payment of the
purchase price and is considered as proof of the perfection of the contract.
a. Earnest money b. Option money c. Bill of exchange d. Bill of
lading
19. The creditor has the right that is enforceable against a definite passive subject. This right is known as:
a. Real right
b. Natural right
c. Personal right
d. Industrial right
20. Which is not an element of the seller’s right of stoppage in transit?
a. The goods must already be in transit
b. The seller must be in possession of the goods
c. The seller must be insolvent
d. The seller must be unpaid

PART II

True or False. Write “True” if the Statement is True. Write “False” if the statement is false.

__________ 1. Sale is a consensual contract; therefore, delivery or payment is not essential for perfection.
__________ 2. The ownership of the thing sold is transferred upon the perfection of the contract of sale.
__________ 3. If two or more animals are sold together, whether for lump sum or for a separate price for each
of them, the redhibitory defect of one shall give rise to the redhibition of the others.
__________ 4. As a general rule, if price is not ascertained or determined, there is no sale
__________ 5. The price fixed by the third person specified by the parties is binding upon them.
__________ 6. If the price is inadequate, it does not affect the contract. Thus, the contract is valid.
__________ 7. The vendor need not be the owner at the time the sale is perfected. It is sufficient that he is the
owner at the time the thing sold is delivered
__________ 8. A unilateral promise to buy or sell a determinate thing at a certain price is binding upon the
promisor if the promise is supported by a consideration distinct from the price.
__________ 9. In the contract of sale of goods by description or by sample, the contract may be voided if the
bulk of the goods delivered do not correspond with the description or the sample.
__________ 10. Whenever option money is given in a contract of sale, it shall be considered as proof of the
perfection of the contract.
__________ 11. Recto Law is applicable also to sale of jewelry in installment.
__________ 12. In the consummation of a contract of sale, the option money given by the buyer to the seller is
deductible from the purchase price.
__________ 13. There is double sale when the same object of sale is sold to different vendees.
__________ 14. Where the price cannot be determined in accordance with the provision of the Civil Code, the
contract is voidable.
___________ 15. When a buyer who bought an undivided interest in a thing, he becomes a co-owner of the thing.
__________ 16. The sale of hope or expectancy is valid even if the thing hoped does not come into existence
__________ 17. Things subject to a resolutory condition cannot be the object of the contract of sale.
__________ 18. If the sale of a piece of land is made through an agent, the authority of the agent must be in
writing for the sale to be valid.
__________ 19. Warranty against eviction is inherent in a contract of sale; hence, it is an essential element.
__________ 20. The vendor need not be the owner at the time the sale is perfected. It is sufficient that he is the
owner at the time the thing sold is delivered.

*NOTE: This is a Special Long Quiz Questionnaire in Law 13 (Law on Sales)