Podcast
Questions and Answers
What type of sale is characterized by ownership not transferring to the buyer until a condition is fulfilled?
What type of sale is characterized by ownership not transferring to the buyer until a condition is fulfilled?
- Absolute sale
- Conditional sale (correct)
- Perfected sale
- Contract to buy
In a 'contract to sell', what is subjected to a condition?
In a 'contract to sell', what is subjected to a condition?
- Price determination
- Perfection of the contract
- Transfer of ownership (correct)
- Full payment
Which of the following is not considered an essential element of a contract of sale?
Which of the following is not considered an essential element of a contract of sale?
- Meeting of the minds
- Object which is certain and determinate
- Warranty against eviction (correct)
- Price certain
What is the cause or consideration in a contract of sale?
What is the cause or consideration in a contract of sale?
What elements are deemed to exist in the contract of sale in the absence of clear contrary agreement?
What elements are deemed to exist in the contract of sale in the absence of clear contrary agreement?
In a void intended sale, which element would be absent?
In a void intended sale, which element would be absent?
What do future goods refer to in the context of a contract of sale?
What do future goods refer to in the context of a contract of sale?
What is an example of an existing good according to the text?
What is an example of an existing good according to the text?
What distinguishes a resolutory condition in a contract?
What distinguishes a resolutory condition in a contract?
What is the primary difference between an absolute sale and a conditional sale?
What is the primary difference between an absolute sale and a conditional sale?
What is the characteristic of things having a potential existence that makes them suitable as a subject matter of a contract of sale?
What is the characteristic of things having a potential existence that makes them suitable as a subject matter of a contract of sale?
Under what circumstances does an absolute sale become conditional?
Under what circumstances does an absolute sale become conditional?
Which type of condition leads to the extinction of a subsisting obligation in a contract?
Which type of condition leads to the extinction of a subsisting obligation in a contract?
Which characteristic best describes an onerous contract?
Which characteristic best describes an onerous contract?
What does it mean for something to have 'potency to exist' in the context of a contract?
What does it mean for something to have 'potency to exist' in the context of a contract?
What defines a contract as being principal?
What defines a contract as being principal?
What term is used by law to specifically name an onerous contract?
What term is used by law to specifically name an onerous contract?
In an absolute sale, when does ownership pass to the buyer?
In an absolute sale, when does ownership pass to the buyer?
Flashcards are hidden until you start studying
