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Characteristics of a Contract of Sale

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Questions and Answers

Which characteristic of a contract of sale means that the sale is perfected by mere consent?

Bilateral

Commutative

Principal

Consensual (correct)

What is the key feature of a bilateral contract of sale?

Bilateral (correct)

Onerous

Commutative

Consensual

Which characteristic ensures that the thing sold is considered the equivalent of the price paid in a contract of sale?

Consensual

Commutative (correct)

Bilateral

Onerous

What does it mean for a contract of sale to be considered 'principal'?

Principal Signup and view all the answers

In a contract of sale, what does the term 'onerous' indicate?

The thing sold is conveyed in consideration of the purchase price Signup and view all the answers

What happens if a vendee fails to pay the price after executing a contract of sale?

Vendee defaults, and vendor may exercise legal remedies Signup and view all the answers

In a contract of sale, why is the delivery of the thing bought or payment of the price not necessary for the protection of the contract?

To avoid nullity of the sale due to lack of consideration. Signup and view all the answers

What is the key difference between a consensual and a formal contract of sale?

Perfection by mere consent vs. execution of a document. Signup and view all the answers

Why is the contract of sale considered commutative?

Due to the belief that both parties will benefit equally. Signup and view all the answers

What distinguishes a bilateral contract of sale from a unilateral one?

Both parties have obligations vs. only one party has obligations. Signup and view all the answers

Why is it important for a contract of sale to be onerous?

For the transfer of ownership to be valid. Signup and view all the answers

What does it mean for a contract of sale to be considered principal?

'Principal' means it is the main contract that stands alone. Signup and view all the answers