The seller is liable for express warranty only if there is stipulation on the warranty

If it is stipulated that there is no warranty against hidden defect, the seller is still liable for
the value of the thing lost
due to the hidden defect.
a. both statements are false c. first is true, second is false
b. both are true d. first is false , second is
true

S sold to B a parcel of land for P1M infake bills.The sale is:

a. void because there was no valid cause or consderation , the bills being fake
b. voidable only since there was consideration but due to fraud B delivered fake peso
bills.
c. valid sale because of valid cause of P1M price
d. void because of false cause which is the counterfeit currency

X leased to V a 5 Freezer for two years at a lease rental fee of P1,000 per month and signed
an option in favor of V to buy the freezers at the end of the term of the lease at P50,000. All
rental fee paid are to be considered as partial payment of the sale. After 12 months V was
able to pay the rental fee for 9 months and was in arrears for three months. X terminated the
lease contract and repossessed the freezers. The consequence of the transaction is
A. X can collect the rental fees for three months which are in arrears.
B. X can collect the rental fees for the unexpired 12 months of the lease contract.
C. When X took possession of the generator, he has no further action against V
D. X in terminating the lease and repossessing the generator is obliged to refund the 9
months rental fee, paid by V even if there is a stipulation to the contrary

I. Should the vendee’s failure to pay, cover two or more installments, the vendor may
foreclose the chattel mortgage on the thing sold but he shall have no further action against
the purchaser to recover any unpaid balance of the price, except if there is an agreement to
the contrary.
II. Sale is a consensual contract, therefore delivery or payment is not essential for perfection.
A. First statement is true, second statement is false.
B. First statement is false, second statement is true.
C. Both statements are true.
D. Both statements are false

The buyer is obliged is to pay interest on the price from the time of delivery of the thing sold up
to the time of payment
in three following instances except
a. should it have been stipulated
b. should the thing produce fruits or income
c. should the vendee be in default in the payment of the price
d. should the vendee be insolvent