LAW REVIEWER

1. It applies to persons who, under certain circumstances, cannot purchase certain property.
- Relative Incapacity
2. It occurs when it is placed under the control and possession of the vendee.
- Actual Delivery
3. These are things needed for sustenance, dwelling, clothing, medical attendance in keeping with
the financial capacity of the family etc.
- Necessaries
4. Which from the choices is considered a void act?
- Acquisition by purchase of a property subject of a litigation by the lawyer
5. This occur when the would-be buyer had already the possession of the object even before the
contract of sale by virtue etc.
- Traditio brevi manu
6. These are goods of which any unit is, from its nature or by mercantile usage
- Fungible goods
7. Quasi-delivery is the delivery of rights, credits, or incorporeal property which is made by ____
- Issuance of delivery receipt
8. It is an uncertain event, the happening of which, the obligation subject to it is extinguished
- Resolutory Condition
9. The persons named in the choices cannot acquire by purchase or at a public auction property
that corresponds to them. Who may?

- Agents, the properties of his principal the sale of which were not entrusted

10. The contract of sale is characterized by the fact the thing sold is considered the equivalent of the
price paid.

- Commutative

11. It is a delivery by operation of law

- Legal Delivery

12. A seller sold to a buyer a specific parcel of land at a price of P1,000,000. The contract provides
that the buyer will pay the seller cash P400,000 and deliver the buyer’s car worth P600,000 etc.

- Sale
13. I. In a sale or return, the ownership passes to the buyer on meeting of the minds
II. In a sale or return, the buyer may revert the ownership in the seller by returning etc.

- Only II is true

14. It is a contract whereby the parties, by reciprocal concessions, avoid a litigation or put an end to
one already commenced.

- Compromise

15. It is also called “sale on acceptance”

- Sale on approval

16. Which is CORRECT statement from among the choices relative to sale by auction?

- The seller may bid in the auction sale if such right was reserved, notice was given that the
sale is subject etc.

17. Which from among the choices is not an obligation of the seller in relation to the vendee?

- To preserve the thing with the required diligence, prior to the perfection of the contract of
sale

18. It refers to a mode of delivery of incorporeal things or right

- Quasi-traditio

19. It is a contract whereby one of the parties binds himself to give one thing in consideration of the
other’s promise to give another thing

- Barter

20. S, the seller, has 2 warehouses full of Sinandorado rice etc.

- The contract of sale is valid because all elements essential to the seller presented

21. The following are the obligations of the vendor except ___

- To transfer ownership of the thing sold at the time of the meeting of minds

22. This is a kind of symbolic delivery where the vendor remains in possession of the property sold,
such as by virtue of a lease agreement etc.
- Traditio brevi manu
23. I. in a sale on trial, it depends entirely on the will of the buyer
II. in a sale of return, it depends on the quality of the goods
 - Both are false

24. On May 1, 2020, S sold to B through private instrument for 20 sacks etc.

- Symbolic Delivery

25. Which of the statement on the transfer of ownership of the thing in “sale on trial” is incorrect?

- Ownership of the thing sold is transferred to the vendee upon delivery

26. The following are modes of delivery of incorporeal property except ____

- Execution of official receipt

27. The following are exceptions to the general rule that ownership of the thing sold is acquired
only upon its delivery to the buyer except ____

- implied reservation of ownership

28. It refers to a characteristic of a contract of sale where both parties are bound to fulfill
obligations reciprocally towards each other

- Bilateral

29. G, the guardian of W (a minor), bought the parcel of land of the latter at fair market value

- The contract of sale is annulable at the instances of W at his majority age

30. Which from among the choices is not correct?

- Sale of personal property worth less than P500 need not be in writing

31. In case of an installment sales of personal property, the vendor has the following remedies
should the vendee is not able to fulfill his obligation.

- File an action to recover the remaining balance should foreclosure been had

32. Which from the choices is NOT CORRECT in relation to the relative incapacity of husband and
wife with regards to sale or donation to each other?

- Husband and Wife cannot donate to each other after their marriage except for moderate
gifts during family rejoicing

33. The seller of goods has the following obligations except

 - To pay for the expenses relative to the sale only when it is stipulated

34. I. Payment of the purchase price is essential to transfer of ownership as long as etc.
II. The ownership of the thing sold is acquired by the vendee from the moment it is delivered to
him.

- Only II is true

35. It is an act by which one party parts with the title to and the possession of the property etc.

- Delivery

36. The delivery of the keys to the house subject of a contract of sale is an indication of a
constructive delivery known as

- Traditio symbolica

37. It is a privilege existing in one person for which he has paid a consideration which gives him the
right to buy or sell from etc.

- Option

38. The delivery by mere consent or agreement of the contracting parties, where the seller points
out to the buyer the object etc.

- Traditio longa manu

39. Consent, being an essential element in a contract of sale means that

- There is a meeting of the minds as to the object and the consideration

40. There is no transfer of ownership notwithstanding delivery od the goods

- Sale on trial

41. It is a unilateral promise to buy or sell a thing which is not accepted

- Policitation

42. X, a minor, sold his car with a fair market value of P800,000 to Y for only P200,000

- The sale may be invalidated by a reason of a vitiated consent

43. It pertains to a constructive delivery of goods where the seller merely points to the goods etc.

- Traditio Longa Manu

 44. It takes effect when the vendor continues in possession of the property sold not as the owner
but in some capacity such as

- Traditio constitutum possessiorium

45. I. in a sale on trial the risk of loss rests upon the buyer
II. In a sale or return, the risk of loss remains with the seller

- Both are false

46. When a sale is made through a public instrument

- Legal formalities