BLAW - Lecture notes 1 PDF

Title BLAW - Lecture notes 1
Author Anonymous User
Course Accountancy
Institution Jose Rizal University
Pages 2
File Size 47.9 KB
File Type PDF
Total Downloads 77
Total Views 264

Summary

1 a rule, this contract of sale involving a piece of land is void,A. Between a minor and a capacitated person. B. Between two insane persons who did not act during lucid interval C. Between first degree cousins D. Between husband and wife ANS: D 2. X, 17 years old, sold to Z, of legal age, her neckl...


Description

1.As a rule, this contract of sale involving a piece of land is void, A. Between a minor and a capacitated person. B. Between two insane persons who did not act during lucid interval C. Between first degree cousins D. Between husband and wife ANS: D 2. X, 17 years old, sold to Z, of legal age, her necklace worth P20,000 for P15,000. Later, Z sold the necklace to Y for P20,000. Which of the following statements is correct? A. X has got a voidable title because at the time of sale, she is a minor B. X can ask for rescission of the sale to Y because she suffered a lesion of more than ¼ of the value of the property. C. If Y is in bad faith, Y becomes the owner of the necklace upon delivery to him but his title is voidable. D. X can ask for the annulment of the sale to Y because at the time of sale she is a minor. ANS: C 3. This serves as a proof of the perfection of the contract of sale A. Dacion en pago B. Option money C. Delivery D. Arras ANS: D 4.A contract of sale is not a(an) A. Onerous contract B. Accessory contract C. Commutative contract D. Bilateral contract ANS: B 5.Warranty against hidden defects is A. An essential element B. A natural element C. An accidental element D. An artificial element ANS: B 7. When a sale of a piece of land or any interest therein is through an agent, the authority of the agent shall be in writing, otherwise the sale is A. B. C. D.

Valid Voidable Unenforceable Void

ANS: D 8. The sale of an expected thing A. Dacion en pago B. Payment by cession C. Emptiospei D. Emptio rei-speratae ANS: D 9. The sale of the hope itself A. Dacion en pago B. Payment by cession C. Emptio spei D. Emptio rei-speratae ANS: C 10. One of the following is not correct A. Things subject to a resolutory condition may be the object of the contract of sale. B. A thing is generic when it is particularly designated or physically segregated from all others of the same class. C. Things having a potential existence may be the object of the contract of sale. D. The sole owner of a thing may sell an undivided interest therein ANS: B 11. X needs a size of 10 of model 101 of Leather Shoes regularly available to the public for her boyfriend Z, but the same is out of stock so she placed an order for one. On the other hand, Z placed an order for size No. 8, colored violet, (something not ordinarily made by the company) to be given to X. Which is correct? A. Both are contracts of sale B. Both are contracts for a piece of work C. First is a contract of sale second is a contract for a piece of work D. First is a contract for a piece of work, second is a contract of sale ANS: C...


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