1. A sold to B land, which at the time of sale did not belong
to A. Is the sale valid?
a. No, because he does not own what he sold.
b. Yes, for the vendor need not own the property at
the time of perfection, it being sufficient that he
be the owner at the time he is to deliver the
object.
c. None of the above choices is correct.
d. Yes, it doesn’t matter whether he is the owner of
thing sold at the time he is to deliver the object.
2. A sold to X his 1/2 share of the parcel of land he co-owns
with B. C owns the parcel of land adjoining that of A and
B. Both B and C want to redeem the share of A which the
latter sold to X.
a. C has a better right to the redemption as an
adjoining owner.
b. B’s right as co-owner excludes that of C, the
latter being only an adjoining owner.
c. C shall be preferred to B in the redemption from
X.
d. B and C shall equally redeem the share of A.
3. A sum of money paid, or a thing delivered upon the
making of a contract for the sale of goods, to bind the
bargain, the delivery and acceptance of which makes the
final assent of both parties to the contract.
a. Option Money
b. Down payment
c. Reservation Money
d. Earnest Money
4. A warranty inherent in a contract of sale, whether or not
mentioned in it, is known as the
a. warranty on quality.
b. warranty against hidden defects.
c. warranty in merchantability.
d. warranty against eviction.
5. A, B & C are co-owners of an undivided parcel of land, A
sold his 1/3 interest to B absolutely. Which is correct?
a. C may redeem only ½ of the interest sold by A to
B.
b. C may exercise his right of redemption on the
interest sold by A to B.
c. The sale made by A to B is void because it was
not made in favor of a stranger.
d. C can not exercise the right of redemption
because the sale was made in favor of a co-
owner.
6. A, B, and C are co-owners in equal shares of a one-
hectare rural land, the adjoining owner to which are D and
E, the latter owning the smaller area. A donated his share
of the land owned in common to X who is a rural land
owner. Upon proper notice of conveyance, B, C, D and E
sought to exercise the right of legal redemption over the
share conveyed. Who among them, if any, should be
preferred?
a. B because he is a co-owner in his own right.
b. C because he owned a less than a hectare rural
land.
c. D because he is a relative of X.
d. No one will be preferred as there is no right of
legal redemption exists because A donated his
share to X. There was no purchase, no dation in
payment, to transmission by onerous title.
7. A, B, and C are co-owners of a parcel of land pro-
indiviso. A sold his share to B in an absolute deed of sale.
Which is correct?
a. The deed of sale between A and B is void since
it was made not in favor of a third person.
b. C may redeem only ½ of the share sold by A to
B.
c. C cannot exercise the right of redemption since
the sale was made to a co-owner.
d. C may exercise his right of redemption on the
interest of A sold to B.
8. A, B, and C are co-owners of an undivided house. A sold
with right to repurchase his share to X. Later, X acquires
B’s and C’s rights. Now, A wants to redeem his share. X
refuses and asks A to redeem the whole property. Is A
allowed to redeem only his share?
a. Yes, since X acquires B’s and C’s rights.
b. No, there was no agreement to redeem.
c. Yes, since in this case, the selling had been made
separately.
d. No, since A is a co-owner, he is supposed to
redeem all.
9. A, B, and C jointly and in the same contract sold an
undivided piece of land with the right to repurchase. The
buyer a retro was X. Prior to the expiration of the period
of redemption, A wanted to repurchase the whole land. X
refused, alleging that A was entitled merely to repurchase
A’s share. Is X correct?
a. No, A, B, and C can redeem more than their
respective share.
b. No, by express provision of the law.
c. Yes, by express provisions of the law. None of
the co-owners in this case is allowed to exercise
the right to redeem for more than his respective
share.
d. No, the law allows a co-owner to redeem more
than his respective share.
10. Advertisements that may be made by the owner or
developer through newspaper, radio, television, leaflets,
circulars or any other form about the subdivision or the
condominium or its operations or activities must reflect
the real facts and must be presented in such manner that
will not tend to mislead or deceive the public.
The owner or developer shall be answerable and liable for
the facilities, improvements, infrastructures or other forms
of development represented or promised in brochures,
advertisements and other sales propaganda disseminated
by the owner or developer or his agents and the same may
not form part of the sales warranties enforceable against
said owner or developer, jointly and severally.
a. Statement I is false, Statement II is true.
b. Statement I is false, Statement II is false.
c. Statement I is true, Statement II is true.
d. Statement I is true, Statement II is false.