The document contains a 10-question true/false quiz about the law on sales for students at Tarlac State University School of Law. The quiz covers topics like contracts to sell versus contracts of sale, express warranties, implied warranties, prescription periods, and legal doctrines related to sales law. Students are instructed to answer "true" if a statement is absolutely true, and "false" otherwise.
The document contains a 10-question true/false quiz about the law on sales for students at Tarlac State University School of Law. The quiz covers topics like contracts to sell versus contracts of sale, express warranties, implied warranties, prescription periods, and legal doctrines related to sales law. Students are instructed to answer "true" if a statement is absolutely true, and "false" otherwise.
The document contains a 10-question true/false quiz about the law on sales for students at Tarlac State University School of Law. The quiz covers topics like contracts to sell versus contracts of sale, express warranties, implied warranties, prescription periods, and legal doctrines related to sales law. Students are instructed to answer "true" if a statement is absolutely true, and "false" otherwise.
INSTRUCTIONS: Answer TRUE if the statement is absolutely true.
Otherwise, answer FALSE.
1. Whenever a usurper of registered land is able to transfer the same to
an innocent purchaser for value and is unable to compensate the original title holder for the loss, then the latter is now left without proper recourse. 2. An agreement that stipulates that the seller shall execute a deed of sale only upon or after payment of the purchase price is a contract to sell, not a contract of sale. 3. A Contract to Sell is the same as a Conditional Deed of Sale. 4. Any affirmation of fact or any promise by the seller relating to the thing is an express warranty if the natural tendency of such affirmation or promise is to induce the buyer to purchase the same. 5. The gross negligence of the seller in defending its title to the property subject matter of the sale amounts to bad faith. 6. An implied warranty against hidden defects in that the vendor shall be responsible for any hidden defects which render the thing sold unfit for the use for which it is intended, or should they diminish its fitness for such use to such an extent that, had the vendee been aware thereof, he would not have acquired it. 7. The existence of a contract of sale between the parties bars the commission of a tort by one against the other and the consequent recovery of damages therefor. 8. An action to claim for a breach of implied warranty prescribes in four (4) years. 9. If there is an express warranty, it prescribes in ten (10) years. 10.Res Ipsa Loquitor means “let the buyer beware.”