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Sales Question

The document contains 5 multiple choice questions about contracts of sale: 1. If the object of a contract of sale is entirely lost at the time of perfection, the seller bears the risk of loss. 2. Future inheritance cannot be the subject of a contract of sale, as it would put the predecessor at risk of harm from a tempted buyer, contrary to public policy. 3. A warranty inherent in a contract of sale, whether mentioned or not, is known as the warranty against hidden defects.

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Kaira Marie Carlos
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344 views2 pages

Sales Question

The document contains 5 multiple choice questions about contracts of sale: 1. If the object of a contract of sale is entirely lost at the time of perfection, the seller bears the risk of loss. 2. Future inheritance cannot be the subject of a contract of sale, as it would put the predecessor at risk of harm from a tempted buyer, contrary to public policy. 3. A warranty inherent in a contract of sale, whether mentioned or not, is known as the warranty against hidden defects.

Uploaded by

Kaira Marie Carlos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1.

Which phrase most accurately completes the statement – If at the time the contract of sale is
perfected, the thing which is the object of the contract has been entirely lost:

a) the buyer bears the risk of loss.

b) the contract shall be without any effect.

c) the seller bears the risk of loss.

d) the buyer may withdraw from the contract.

2. Can future inheritance be the subject of a contract of sale?

(A) No, since it will put the predecessor at the risk of harm from a tempted buyer, contrary to public
policy.

(B) Yes, since the death of the decedent is certain to occur.

(C) No, since the seller owns no inheritance while his predecessor lives.

(D) Yes, but on the condition that the amount of the inheritance can only be ascertained after the
obligations of the estate have been paid.

3. A warranty inherent in a contract of sale, whether or not mentioned in it, is known as the

(A) warranty on quality.

(B) warranty against hidden defects.

(C) warranty against eviction.

(D) warranty in merchantability.

4. Lino entered into a contract to sell with Ramon, undertaking to convey to the latter one of the five
lots he owns, without specifying which lot it was, for the price of P1 million. Later, the parties could not
agree which of five lots he owned Lino undertook to sell to Ramon. What is the standing of the contract?
(A) Unenforceable.

(B) Voidable.

(C) Rescissible.

(D) Void.

5. A contract of sale is not an/a

a. accessory contract
b. option contract

c. bilateral contract

d. commutative contract

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