Reference: Law on Sales by Villanueva and Adelfa v.

CA

1. What kind of rescission is a PRINCIPAL REMEDY AND IS BASED ON SUBSTANTIAL BREACH OF CONTRACT? (p. 394)

A. Article 1191 RESCISSION (RESOLUTION)

B. Article 1381 RESCISSIBLE CONTRACTS

C. Suretyship

D. Deposit

2. What kind of rescission is subsidiary in nature and the cause is economic damage or lesion? (p. 393)

A. Article 1191 RESCISSION (RESOLUTION)

B. Article 1381 RESCISSIBLE CONTRACTS

C. Suretyship

D. Deposit

3. What is the Prescriptive period for rescissible contracts? (p. 395)

A. 8 years

B. 6 years

C. 4 years (Art. 1389)

D. 10 years

4. What is the prescriptive period for rescission or resolution? (p. 395)

A. 8 years

B. 6 years

C. 4 years (Art. 1389)

D. 10 years from the rights of action accrue in written contract

5. To whom is the power to rescind given? (P. 401)

A. To the Seller

B. To the Buyer

C. ONLY to the injured party

D. To the guarantor
5. What kind of contract is a bilateral contract whereby the prospective seller, while expressly reserving the
ownership of the subject property despite the delivery thereof to the prospective buyer, buys himself to sell the said
property exclusively to the prospective buyers upon the fulfillment of the condition agreed upon, that is, full payment
of the purchase price? (P. 407)

A. Barter

B. Contract to Sell

C. Contract of Sale

D. Surety

6. What kind of contract is defined whereby the title passes to the vendee upon the delivery of the thing sold? (Adelfa
Properties v. CA, G.R. No. 111238. January 25, 1995)

A. Barter

B. Contract to Sell

C. Contract of Sale

D. Surety

7. The prevailing doctrine therefore is that absent any stipulation in the deed or in the meeting of minds reserving title
over the property to the seller until full payment of the purchase price and giving the seller the right to unilaterally
rescind the contract is case of non-payment, makes the contract one contract of conditional sale rather than a contract
to sell. (p.415)

A. True.

B. False.

C. Maybe.

D. Perhaps true.