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Juji JJJ

The document presents a series of questions related to contracts of sale, focusing on the conditions and implications of price fixing, payment agreements, and the validity of contracts. It includes multiple-choice options for determining the truth of various statements regarding contracts. The content is structured to assess understanding of legal principles surrounding sales agreements.

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Ashryle Salazar
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9 views1 page

Juji JJJ

The document presents a series of questions related to contracts of sale, focusing on the conditions and implications of price fixing, payment agreements, and the validity of contracts. It includes multiple-choice options for determining the truth of various statements regarding contracts. The content is structured to assess understanding of legal principles surrounding sales agreements.

Uploaded by

Ashryle Salazar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Preliminary Examination

C. Commission money
D. None of the above

20. 1. The fixing of the price can never be left to the discretion of one of the
contracting parties.
II. Ifthe thing or any part thereof has been delivered to and appropriated
by the buyer he must pay a reasonable price therefor.
A. Only l is true
B. Only II is true
C. Both are true
D. Both are false
21. I. A definite agreement on the manner of payment of the purchase price is
not anessential element in the formation of a binding and enforceable
contract of sale.

II. There is perfected contract even if the parties cannot agree on how and
when the down payment and the installment payments should be paid.
A. Only I is true
B. Only Il is true
C. Both are true
D. Both are false
22. I. Gross inadequacy of the price does not affect the validity of a contract of
sale.
II. If the price is simulated, the sale is void.
A. Only I is true
B. Only II is true
C. Both are true
D. Both are false
23. It refers to an agreement by which a person acquires the privilege of
buying from or selling to another a particular property within a given time
and at a named price, in consideration ofthe payment of a certain sum.
A. Contract of sale
B. Contract to sell
C. Conditional sale
D. Option contract
24. I. In option money, title passes to the buyer upon delivery of the thing sold.
II. In earnest money, ownership is reserved to the seller and is not to pass
until full payment.
A. Only l is true
B. Only II is true
C. Both are true
D. Both are false
25. I. In a contract to sell, title passes to the buyer upon delivery of the thing
sold.
II. In a contract of sale, ownership will pass only upon full payment of the
price.
A. Only I is true
B. Only ll is true

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