sa0t7i2t, 11:26 AM BAM 242_P1_LONG QUIZ (Part2) BAM 242 P1_LONG QUIZ _(Part 2) roca.villanueva.up@phinmaed.com Switch account ® draft saved Your email will be recorded when you submit this form CHOOSE THE BEST ANSWER The price is real when at the nerfection of the contract of sale, there isan intention on the buyer to pay the price, and an expectation on the part of the seller to receive such price as the value of the subject matter he obligates himself to deliver. O Te @ False Clear selection IF price is neither certain nor ascertainable, the contract of sale i inefficecicus O Te @ False Clear selection htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse snosa0t7i2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) Asale between husband and wife is voidable. Clear selection Ll Promise to buy and sell a determinate thing for a price certain is reciprocelly demandable I Accepted unilateral promise to buy or to sells binding upon the promissor it promise supported by a consideration distinct from the price, In your evaluation of the foregoing statements © a. Both statements are false © b. Both statements are True © © Only statement lis True CO 4. Only Statement Il is False Clear selection Emptio Spei is valid sale unless it is a sale of vain hope. Clear selection htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse 210sanmias htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse 11:26 0M BAM 242_P1_LONG QUIZ_(Part2) The following are sale transactions under statute of fraud, except: © 2: Asale agreement which by its terms is not to be performed within a year from the making thereof; © b.Asale of real property or of an interest therein. ©@ . Lease of property for a period of more than 1 year. d. An agreement for the sale of goods, chattels or things in action, at a price less than P500 Clear selection If the contract has relatively simulated price, the contract is void. O Tre @ False Clear selection Ifa party has property exercised their option and the selling party refuses to transfer the property or services, the selling party may be held liable for damages pursuant to contract lau Since an option is @ contract, itis legally enforceable and subject to remedies for breach of contract. O Tre @ False Clear selection anosa0t7i2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) Upon perfection of the contract, the parties may reciprocally demand performance of their respective obligation, © Te O False Clear selection ‘The fixing of the price can never be left to the discretion of one of the contracting parties. @ Tne O False Clear selection Ifthe option is not exercised within the provided time period, the purchasing party will forfeit their rights to the option. The party will be able to recover payments made on the option. O Twe @ False Clear selection htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse anosanmias htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse 11:26 0M BAM 242_P1_LONG QUIZ_(Part2) 1. Thenon-payment of the purchase price renders the contract to sell without force and effect I Incontract of sale, Non-payment of the price isa negative resolutory condition. Il, In contract of sate, ownership is reserved in the seller and shall not pass to the purchaser until fulfilment of certain conditions, such as full payment of the purchase price In your evaluation of the foregoing statements ©@ a.land il are correct CO b.lland Ill are correct © @l.land Ill are Incorrect © 4.land tare incorrect Clear selection Ll ‘The legal status of the contract if the agent acquired the the property of the principal is void but it can be ratified since only private interest is involved. Ifthe lawyer ecquires the property of his client under ltigetion is void but can be ratified since only public interest is involved. In your evaluation of the foregoing statements © a. Both statements are false O b-Both statements are True © Only Statement | is True © 4. Only Statement Il is True Clear selection sosa0nTi2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) Contract of donation isa gratuitous contract. @ Tne O False Clear selection The following are Stages in Life of a Contract of Sale, except: ©@ a Policitacion stage CO »b- Principal Stage CO «Preparatory Stage © 4.Perfection stage Clear selection |. Gross inadequacy of price nullifies the contract of sale. © tne O False Clear selection hitpsdocs. google.comiformsda/1FAlpOL.SdTZioa2S7uRBJsOOGhw_ZoZULSpmn¥2MwSILOFViL.AgM7 formRaspans enosa0t7i2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) 1. Ifthe right of first refusal is violated, the contract between the promissor and third person can be set aside or rescinded. True I Rightof first refusal is subject to specific performance I Option Contract is subject to specific performance In your evaluation of the foregoing statements © a.tand il are correct @ bland itl are correct © c.1.Mand ll are incorrect © 4.land itare incorrect Clear selection Characteristic of a contract of sale that means the value of the determinate thing is considered or assumed to be equivalent of the price. a. Real Contract b. Consensual Contract cc. Commutative Contract 4. Bilateral Contract O@O00 Clear selection htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse m0sa0nTi2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) A sale between husband and wife is valid in which of the following cases? © 2: When a separation of property has been agreed upon inthe mariage settlements ‘or when there has been a judicial separation of property. © When price of the sale is grossly inadequate. © ¢. When the object of the sale is a necessary such as food or clothing © 4. When the spouses re living separately. Clear selection From the moment of negotiation, the parties may reciprocally demand performance of their obligations. @ Tue O False Clear selection Acontract of sale is perfected upon the © Full payment of the purchase price by the buyer CEO b. Delivery of the object of the contract to the buyer ©@ ©. Meeting of minds between seller nad the buyer on the object and the price. CO “Asknowledgment ofthe deed of snl by the seller an the buyer before a notary public. Clear selection htpssldocs.google.comvformsid's/1FAlpOL Sd TZina2S7uRBJsOOGhw_ZoZUL8pmn¥'3MwSILOFViL8gM7Oyform! spans anosa0t7i2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) “The contract is perfected from the mament the acceptance COMES 70 THE KNOWLEDGE OF THE OFFEROR. (This is the theory followed ky the Naw Civil Cade in the Philippines) © a. Cognitive Theory © b. Manifestation Theory © Expedition Theory © 4. Reception Theory Clear selection ‘The ownership of the thing sold shall be transferred to the vendee upon the meeting of the minds. © Te O False Clear selection It covers a situation wherein a promise on the part of the owner of a property is made that ifhe decides to sell the property in the future, he will first negotiate its sale to the promise @ a. Contract to Sell © b. Right of Redemption O « Option Contract CO 4. Right of first refusal Clear selection htpssldocs.google.comvformsd's/1FAlpOL Sd TZioa2S7uRBJsOOGhw_ZoZULSpmn'3MtwSILOFViL8gM7OyformRespanse snosa0nTi2t, 11:26 AM BAM 242_P1_LONG QUIZ_(Part2) Ifthe price fixed by one of the parties is accepted by the other, the sales perfected. © te O False Clear selection A copy of your responses will be emailed to roca.villanueva.up@phinmaed.com Back Submit Clear form Never submit passwords through Google Forms, This form was created inside of Phinma Education, Report Abuse Google Forms htpssldoes. google. comiformsid's/1FAlpOL Sd! TZina2S7uRBJsOOGhw_ZoZUL8pmnV'3MwSILOFViL8gM7Oyform! s0110