s2007121, 10:41 AM BAM 242_P1_LONG QUIZ (Part 1) BAM 242 P1_LONG QUIZ _(Part 1) roca.villanueva.up@phinmaed.com Switch account ® draft saved Your email will be recorded when you submit this form CHOOSE THE BEST ANSWER One of the following is not a requisite of the object of a contract of sale. Which is it? a. It must be within the commerce of men b. it must be licit ¢. It must be determinate or determinable d. Vendor must have the right to transfer the ownership of the thing at the time of sale @ooo Clear selection hitpsidocs. google comiformslda/1FAlpOL Sezl zp-kaF BDWqes798vYSe42Gbj0B-SO06ZDYNwiW7eRKSWOiformResponss 18sanmias 1081 AM BAM 242_P4_LONG QUIZ (Part 1) ‘The following items pertzin to either emptio rei speratae or emptic spe! I The sale of future thing. Hl. The sale of hope or expectancy II, The sale ofa present thing Iv. The thing sold must come into existence Based on the above information, which of the following Is correct? © a.ttems | and II pertain to emptio rei speratae CE b. Items Il and Ill pertain to emptio spei © c tems 1! and il pertain to emptio rei speratae © 4. Items Il and IV pertain to emptio spei Clear selection ‘The following items pertain ta either a contract of sale or a contract to sell 1 ‘Quinership pf the thing sald is transferred upon the delivery I. Ownership of the thing is transferred to the buyer at some future time II, The risk of loss is on the buyer IV. The risk of loss is on the seller Based on the above data, which of the following is correct? © a.htems | and it pertain to a contract to sell b. Items Il and Ill pertain to a contract to sell © cItems Il and IV pertain to a contract of sale © 4.items | and Il pertain to a contract of sale Clear selection hitpss!docs. google. comiformsida/1FAlpOL Sezl 2p-kaF BDWqee7984’6642G0)0B-SOOGZ#YNWWW7ERKSWOlformResponss 2812007121, 10:41 AM BAM 242_P4_LONG QUIZ (Part 1) The following are the characteristics of a contract of sale, except © .Principal which means that a contract of sale can stand by itself © P:Real which requires the delivery ofthe object ofthe contrat of sale for Re perfection © .Onerous, where rights are acquired in exchange of a valuable consideration. © 4.Bilateral, which means that both parties are bound reciprocally to each other. Clear selection A contract whereby one of the contracting parties obligates himself to transfer the ownership of and deliver a determinate thing and the other to pay therefore a price certain in money or its equivalent is a contract of © a.Barter @ b-Sale CO « Dacion en pago O dMortgage Clear selection The following are the essential elements of a contract of sale, except © a. Consent of the contracting parties © b. Subject matter which should be determinate CO «Price which is certain in money or its equivalent © 4. Warranty against eviction and against hidden defects Clear selection hitpsidocs. google comiformslda/1FAlpOL Sezl zp-kaF BDWqes798vYSe42Gbj0B-SO06ZDYNwiW7eRKSWOiformResponss ae12007121, 10:41 AM BAM 242_P4_LONG QUIZ (Part 1) One of the following statements pertaining to a sale by auction is incorrect. Which is it? © Astle by public aueton is perfected when the auctioneer announces ite perfection by the fall of the hammer or in any other manner © b. Before perfection, any bidder may retract his bid CO ® Before perfection, the auctioneer may withdraw the goods unless the auction was announced to be without reserve © 4. The seller may validly participate in the bidding without prior notice to the bidders. On December 1, $ orally sold to B a specific watch for P750.00 The parties agreed that S shall deliver the ring to B on December 5, while B shall pay the price on December 7. © a. The contract is perfected on December 5, when the watch is delivered by S to B. © P. The contacts perfected on December 1, when the parties had a meeting of minds ‘on the object and the price © © The contracts perfectes on December 7, when the price is pala since both partes would by then have performed their obligation in the contract, © 4. There is no perfected contract because the sale was made orally. Acontract of sale is not a O a onerous contract © ». Gratuitous contract O «Consensual contract © 4. Commutative contract hitpsidocs. google comiformslda/1FAlpOL Sezl zp-kaF BDWqes798vYSe42Gbj0B-SO06ZDYNwiW7eRKSWOiformResponss aesanmias 1081 AM BAM 242_P4_LONG QUIZ (Part 1) . These contracts are presented to you for evaluation. |. Acontract for the delivery of an article which is manufactured in the ordinary course of, business, but the article was not available at the time of the contract was executed. Il. Acontract for the delivery of an article to be manufactured specially for the customer and upon his special order and not for general market. Inyour evaluation of the said contracts: © a. Both contracts refer to a contract of sale CE b. Both contracts refer to a contract for a piece of work CO Statement| refers to 8 contract of sale. Statement I refers toa contract fr apiece of work © 1 Statement refers toa contract fora place of work. Statement refers to contract of sale ‘These statements are presented to you: I The sale for a thing having potential existence is not effective if the thing does not come into existence Il The sale of hope or expectancy produces effects even if the thing hoped for does not come into existence In your evaluetion of the foregoing statements, O «Both are true O ». Both are false © Only statement lis true © 4. only statement Il is true hitpss!docs. google. comiformsida/1FAlpOL Sezl 2p-kaF BDWqee7984’6642G0)0B-SOOGZ#YNWWW7ERKSWOlformResponss se12007121, 10:41 AM BAM 242_P4_LONG QUIZ (Part 1) ‘One of the distinction between option money and earnest money is that earnest money is: © *:The consideration pad for the purpose of holding one to his promise to buy oF sel a determinate thing for a certain period of time. © b. Not part of the purchase price © © Proof of the perfection of the contract of sale © 4. Paid before the perfection of the contract of sale 'S promised to sell his car to B for P200,000.00 giving B 30 days to decide. B accepted the promise of S and informed s that he (B) would make known his decision before the lapse of 30 days. He also gave S P2,000.00 as consideration so that $ would hold an to his promise, The contract entered into between S and B and consideration given by 8 to Sare known as: © @ Option contract and option money, respectively © >. Contract of sale and earnest money, respectively © «Contract of slae and down payment, respectively © 4. Contract to sell and reservation money, respectively hitpss!docs. google. comiformsida/1FAlpOL Sezl 2p-kaF BDWqee7984’6642G0)0B-SOOGZ#YNWWW7ERKSWOlformResponss ee12007121, 10:41 AM BAM 242_P4_LONG QUIZ (Part 1) . The following terms are presented to you L Contract to Sell I, Sale or return I, Sale on trial IV. Agencyto sell Upon the delivery of the goods by the owner thereof to the other party, ownership isnot transferred in: O albiandin O b.lillandiv O clilaniv O 4.iiltandiv ‘These statements are presented to you for evaluation 1. Option money is part of the purchase price Il, Earnest money is proof of the perfection of the contract of sale In your evaluation of the foregoing statements O a Both are true © »b. Both are false O conylistrue © 4. only tlis true A copy of your tesponses will be emailed to roca.villanueva.up@phinmaed.com Back Clear form Never submit passwords through Google Forms, This form was created inside of Phinma Education, Report Abuse hitpsidocs google comiformslda/1FAlpGL Sezl:zp-kaF BDWqes298vY6e42Gbj0B-SO06ZDYNwiW7eRKSWOtformResponss 78sores, 1041 AM AM 242_P1_LONG QUIZ_(Pan 1) Google Forms hitpsidocs google comiformslda/1FAlpGL Sezl:zp-kaF BDWqes298vY6e42Gbj0B-SO06ZDYNwiW7eRKSWOtformResponss ae