Assignment No.

1
Regulatory Framework and Legal Issues in Business
Saturday 1pm to 4pm, 1st Semester S.Y. 2021-2022
Atty. Seth M. Infante

I. Define the following and cite your legal basis (basis may be the law or an
existing Supreme Court decision [jurisprudence]):

a. Contract of Sale;
b. Price;
c. Consent;
d. Specific or determinate thing;
e. Resolutory Condition;
f. Traditio longa manu;
g. Traditio brevi manu;

II. Differentiate the following:

h. Contract to Sell vs Contract of Sale;

i. Sale vs Barter;
j. Earnest money vs Option money;

III. Enumerate the contracts or transactions covered by the statue of frauds under
the Civil Code of the Philippines.