1.) What do you understand by barter?

 Similar to contract of sale but instead of money, you give a thing.

 The contract of barter is defined by Article 1638. It is similar to sale with the only
difference that instead of paying a price in money, another thing is given in lieu
thereof.
 A contract whereby one person transfers the ownership of non-fun- gible things
to another with the obligation on the part of the lat- ter to give things of the
same kind, quantity, and quality is con- sidered a barter. (Art. 1954.)

2.) How do we perfect a barter?

 The contract of barter is perfected from the moment there is a meeting of minds
upon the things promised by each party in consideration of the other. (see Art.
1475.)

 Art. 1475. The contract of sale is perfected at the moment there is a meeting
of minds upon the thing which is the object of the contract and upon the
price.

From that moment, the parties may reciprocally demand performance,

subject to the provisions of the law governing the form of contracts.

3.) When is ownership transferred in a barter?

 Not expressly stated in law but law on sales can be used. Example: Delivery

4.) Is there a warranty in a barter transaction like in a contract of sales?

5.) Define assignment.

6.) What is the nature of assignment of credit and other incorporeal rights.

7.) How is assignment different from sale?

8.) How do we perfect assignment of credit? By mere consent as long as there is

agreement.

9.) How is ownership transferred in assignment of credit or incorporeal rights?

a. How do you deliver it?

b. Is there any other mode of transferring ownership aside from execution of

public document? Quasi-delivery-placing evidence or document by delivery
 to transferee. Other mode is allowing transferee to exercise the rights of
an owner. Shares of stocks can be transferred

10.) What is the difference of subrogation and assignment

a. Effect of subrogation v. Assignment of credit

i. Subrogation there is novation

ii. In assignment of credit, the effect depends on whether or not the

nature is gratuitous or onerous.

11.) Purpose of giving of notice to debtor.

12.) What is the effect if debtor paid to original creditor after assignment?

a.) He has knowledge, paid to creditor effect?

b.) He has no knowledge, paid to creditor effect?

13.) What is the rule of the binding effect of assignment?

14.) Verbal assignment valid?