Sales

Quiz 2

1. A has sold a baby grand piano to B, by private instrument for P500,000.00. In that contract of sale, which is the
object and which is the cause?
2. Answer the following
a. Are minors qualified to enter into a contract of sale? Why?
b. What is the status of a contract where one of the parties is a minor? Explain.
c. What is the status of a contract where both parties are minors? Explain
3. A husband and wife were living together under the conjugal partnership system. May the husband sell his own
parcel of land to his wife?
4. Distinguish sale of an emptio rei speratae from emptio spei
5. S executed a document whereby he agreed to transfer to B “the whole of the right, title, and interest” in a
business. This whole was 4/173 of the entire net value of the business. The parties agreed that the price should
be 4/173 of the total net value. The ascertainment of such net value was left unreservedly to the judgment of
the appraiser. Is the price certain?
6. What is the status of a contract of sale where price is simulated? What are the remedies of the parties?
7. What is the status of a contract of sale where price is inadequate? What are the remedies of the parties?
8. What are the stages in the life of sale?
9. Distinguish option contract from the right of first refusal?
10. What are the contracts covered by the Statute of Frauds?

Sales
Quiz 2

11. A has sold a baby grand piano to B, by private instrument for P500,000.00. In that contract of sale, which is the
object and which is the cause?
12. Answer the following
a. Are minors qualified to enter into a contract of sale? Why?
b. What is the status of a contract where one of the parties is a minor? Explain.
c. What is the status of a contract where both parties are minors? Explain
13. A husband and wife were living together under the conjugal partnership system. May the husband sell his own
parcel of land to his wife?
14. Distinguish sale of an emptio rei speratae from emptio spei
15. S executed a document whereby he agreed to transfer to B “the whole of the right, title, and interest” in a
business. This whole was 4/173 of the entire net value of the business. The parties agreed that the price should
be 4/173 of the total net value. The ascertainment of such net value was left unreservedly to the judgment of
the appraiser. Is the price certain?
16. What is the status of a contract of sale where price is simulated? What are the remedies of the parties?
17. What is the status of a contract of sale where price is inadequate? What are the remedies of the parties?
18. What are the stages in the life of sale?
19. Distinguish option contract from the right of first refusal?
20. What are the contracts covered by the Statute of Frauds?