Podcast
Questions and Answers
In a sale contract, what is the obligation of the seller?
In a sale contract, what is the obligation of the seller?
- To give a property as a gift to the buyer
- To transfer the possession of the property sold to the buyer (correct)
- To provide a service to the buyer
- To lend a certain amount of money to the buyer
What is the main difference between a barter contract and a sale contract?
What is the main difference between a barter contract and a sale contract?
- The location of the contract
- The type of property exchanged
- The absence of a price in a barter contract (correct)
- The type of buyer involved
What is the main characteristic of a donation contract?
What is the main characteristic of a donation contract?
- It involves a service provided
- It is an inter-alive legal transaction without consideration (correct)
- It involves a price or consideration
- It is a type of loan contract
In a lease contract, what is the obligation of the lessee?
In a lease contract, what is the obligation of the lessee?
What is the main difference between a borrowing contract and a lease contract?
What is the main difference between a borrowing contract and a lease contract?
In which type of contract is the product/result more important than the service/performance?
In which type of contract is the product/result more important than the service/performance?
What is the main difference between a mortgage contract and a pledge contract?
What is the main difference between a mortgage contract and a pledge contract?
In which type of contract is the client's instruction and order right more prevalent?
In which type of contract is the client's instruction and order right more prevalent?
What is the main characteristic of a suretyship contract?
What is the main characteristic of a suretyship contract?
Comparing the three contracts, which one gives the worker/service provider the most independence?
Comparing the three contracts, which one gives the worker/service provider the most independence?
Study Notes
Contract Types Aiming for Transfer of Ownership
- Sale Contract: transfer of ownership and possession of property to the buyer in exchange for a price
- Barter Contract: exchange of one property for another without a price; rules of sale contract apply
- Donation Contract: transfer of assets from one person to another without consideration, an inter-alive legal transaction
Contract Types Aiming for Usage of Property
- Lease Contract: lessor allows lessee to use a property in exchange for a rental fee
- Borrowing Contract: owner allows another party to use a property without payment, with the obligation to return the property without harm
- Loan Contract: lender provides money or consumable goods, borrower returns something of the same quality and quantity, interest may be claimed with prior agreement
Contract Types Related to Works and Services
- Labor Contract: employee works for an employer, receiving payment according to duration and work done
- Undertaking (Work) Contract: contractor produces a work, client pays a price, product/result is important
- Proxy Contract: proxy performs a task for a principal, price is optional, service/performance is more important than product/result
Contract Types Other Contracts
- Suretyship Contract: guarantor takes personal responsibility for the debtor's debt, secondary responsibility, personal guarantee
- Mortgage Contract and Pledge Contracts: established for guarantee of an obligation, mortgage for immovable properties, pledge for movable properties, property-based guarantee
- Partnership Contract: establishes simple (ordinary) companies
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Description
Learn about different contract types, including sale contracts, barter contracts, and donation contracts, and how they relate to the transfer of ownership and possession.
