BM1808

Name: Padilla, Aries Christian S. Section: BSMA 401

CONTRACT RECOGNITION TASK

Identify the contract that pertains to the following items. Write your answer on the space before each
number.
(5 items x 2 points)

Contract for a piece of work 1. Anthony entered into a contract with Emman to provide a pair of sneakers
for Jhai. No pair was, however, available at the time of perfection of the
contract. Jhai wears 20” basketball shoes which will be manufactured specially
for him. What contract is entered into by the parties?

Barter 2. JK and JR entered into a written contract which states that: “JK hereby transfers
his laptop worth P20,000 to JR, for JR’s cellphone worth P15,000 and cash of
P5,000.”

Contract of Sale _ 3. Regine and Clifford entered into a contract whereby Regine shall transfer
ownership of his car worth P200,000.00 to the latter, and in lieu thereof,
Clifford shall give to Regine P90,000.00 in cash and a diamond ring worth
P110,000. The heading of the contract signed by the parties reads “Contract of
Sale.”

Contract to Sell _ 4. What contract is entered into when ownership is reserved to the vendor and
shall not pass to the vendee until full payment of the purchase price?

Payment by Cession _ 5. It is a contract whereby the debtor assigns all of his properties to his creditors
so that the latter may sell them and recover their claim out of the proceeds.