Documente Academic
Documente Profesional
Documente Cultură
FIRST QUIZ
1. A contract whereby one of the parties obligates himself to transfer the ownership of and to
deliver a determinate thing and the other to pay there for a price certain in money or its equivalent is a
contract of:
a. Barter
b. Sale
c. Dacion en pago
d. Mortgage
b. real, which requires the delivery of the object of the contract of sale for its perfection.
d. Bilateral, which means that both parties are bound reciprocally to each other.
II. Ownership of the thing is transferred to the buyer at some future time.
5. One of the following is not a requisite of the object of a contract of sale. Which is it?
b. It must be licit.
d. Vendor must have the right to transfer the ownership of the thing at the time of sale.
6. S and B entered into a contract whereby S transferred to B a specific car for the price of
P200,000.00, while B gave to SP90,000.00in cash and a diamond ring worth P110,000.00.The heading of
the written contract signed by the parties reads “Contract of Sale".
a. The contract is void because the intention of the parties is void since the value of the diamond
ring is more than the monetary consideration given.
b. The contract is a valid contract of sale as intended by the parties regardless of whether the
monetary consideration is more or less than the value of the property consideration.
c. The contract is a valid contract of barter since the value of the property given is more than the
monetary consideration. The intention of the parties is immaterial.
c. If the fixing of the price is left to the discretion of one of the contracting parties and the price
fixed is not accepted by the other party.
d. If the price fixed is that which the thing sold would have on a definite day or in a particular
exchange or market
8. On January 1, S orally sold to B a specific ring for P450.00. The parties agreed that S shall deliver
the ring to B on January 5, while B shall pay the price on January 7.
b. The contract is perfected on January 1, when the parties had a meeting of mind on the object
and the price.
c. The contract is perfected on January 7, when the price is paid, since both parties would by then
have performed their obligations in the contract.
A. An essential element
B. A natural element
C. An accidental element
D. An artificial element
9. X needs a size of 10 of model 101 of Leather Shoes regularly available to the public for her
boyfriend Z, but the same is out of stock so she placed an order for one. On the other hand, Z
placed an order for size No. 8, colored violet, (something not ordinarily made by the
11. Vi imported radios from Taiwan and asked for 220 volts radios. The radios arrived clearly
labeled 220 volts and Vi sold them to the public as such. Later the customer complained that
the radios have been mislabeled by the manufacturer and that they were good only for 110
volts. As a consequence
A. Vi is liable to the vendees for any hidden defects even though he is not aware.
C. Vi is not liable under the principle of “caveat emptor” or let the buyer beware
D. The vendees may hold the manufacturer liable but not Vi because Vi specifically asked
12. X sold his motor vehicle to V who bought it for P200,000. It turned out however, that X has
2 motor vehicles: Toyota valued at P230,000 and Lancer valued at P220,000. Which is
correct?
14. I. There may be a contract of sale of goods, whose acquisition by the seller depends upon a
II. If the consideration of the contract consists partly in money and partly in another thing, it
shall be considered a barter if the value of the thing given as a part of the consideration
15. I. The ownership in the thing shall not pass to the purchaser until he has fully paid the price.
II. If at the time the contract of sale is perfected, the thing which is the object of the contract