Compare and Contrast:

1.) Option Contract and Contract of Conditional Sale

As provided by law, an Option contract is an agreement between the buyer and the seller
that the former has the right to buy the item agreed upon at a specified time frame. A contract of
conditional sale on the other hand does not transmit full ownership of the item to the buyer since
ownership remains to the seller until full payment of the purchase price. Both contracts when
signed do not immediately transfer full ownership from one party to another, and in terms of
forms, both contracts have an “acknowledgment” section at the bottom part.

2.) Deed of Absolute Sale and Contract to Sell

A Contract to Sell is an agreement entered into by the parties wherein one party agrees to
sell a specific property to a person at a specified time in the future and that both parties agree that
the sale should be executed when any conditions placed by them have been met. A Deed of
absolute sale on the other hand is entered into between both parties when all the conditions have
been met between the two with the Deed of absolute sale stating that the only remaining
condition in order to transfer ownership is the payment of the purchase price.

3.) Deed of Assignment and Usufruct Agreement

Both contracts are the same in as much as it transfers the usage of the subject property
from one party to another. However, they differ in a sense that a usufruct agreement only allows
the other party the enjoyment and usage of the property, with the obligation to preserve the same,
all the while ownership of the subject property is not conveyed to them. A deed of assignment on
the other hand, transfers the ownership of the subject property from one party to another which
includes all the rights and obligations attached to the subject property.