After the death of C, A, C’s son, sold his inheritance though its amount has not yet been

determined to B
for a consideration of P1M. Which is correct?
The contract is valid even though the inheritance to be turned over to B is less than P1M.
The contract is valid if the value of the inheritance is at least equal to P1M.
The contract is void as future inheritance cannot be the object of sale.
The contract is unenforceable.

A leased to B a 5 DOC generator for two years at a lease rental fee of P1K per month and signed an
option in favor of B to buy the generator at the end of the term of the lease at P60,000. All rental fees
paid are to be considered as partial payment of the sale. After 12 months, B was able to pay the rental
fees for 9 months and was in arrears for three months. A terminated the lease contract and repossessed
the generator. The consequence of the transaction is:
A can collect the rental fees for 3 months which are in arrears.
A can collect the rental fees for the unexpired 12 mo/s of the lease contract.
A in terminating the lease and repossessing the generator is obliged to refund the 9 months rental fee,
paid by B even if there is a stipulation to the contrary.
When A took possession of the generator, he has no further action against B.

Unless otherwise agreed, the buyer of good is not bound to accept delivery thereof by installment. In
case of doubt, a contract purporting to be an equitable mortgage shall be construed as a sale with a
right to repurchase.
Both are true
Only the second is true
Both are false
Only the first is true

Dee offered for sale to B 20 cavans of wag wag rice and fixed the price per cavan at P10 over the price
offered at Y’s store in Quinta Market. The price is
not certain because the price at Quinta Market is not stated.
certain because it reference to another thing which is certain.
not certain, so the court may fix the price.
certain because there is a price ceiling for price of rice.

In the following instances, the seller is still the owner despite delivery of the specific goods, except:
None of the above
Where the owner reserves ownership by stipulation or by agreement with the buyer.
Where the goods are delivered to the carrier
If under the bill of lading the goods are deliverable to the seller or his agent.
If the bill of lading, although stating that the goods are deliverable to the buyer, is kept by the seller or
his agent.