Podcast
Questions and Answers
In the scenario provided, what is the nature of the contract between Gabriel and Andre?
In the scenario provided, what is the nature of the contract between Gabriel and Andre?
- Barter
- Commodatum
- Partly sale and partly barter (correct)
- Sale
How is the instrument discharged when an endorser pays a promissory note at or after the maturity date?
How is the instrument discharged when an endorser pays a promissory note at or after the maturity date?
- Both statements are correct (correct)
- 1st statement is correct, 2nd statement is wrong
- 1st statement is wrong, 2nd statement is correct
- Both statements are wrong
In a sale with the right to repurchase anytime from the date of sale, how long does the buyer have to repurchase the property sold?
In a sale with the right to repurchase anytime from the date of sale, how long does the buyer have to repurchase the property sold?
- The buyer has 10 years within which to repurchase the property sold
- The buyer has 12 years within which to repurchase the property sold (correct)
- The stipulation is valid
- The buyer has 4 years within which to repurchase the property sold
If Atoy sells a residential lot to Bitoy stating it contains 1,000 square meters but it only has 950 sq. meters, what can Bitoy do?
If Atoy sells a residential lot to Bitoy stating it contains 1,000 square meters but it only has 950 sq. meters, what can Bitoy do?
What legal action can be taken if a property owner defaults on a mortgage and there is a deficiency after foreclosure sale?
What legal action can be taken if a property owner defaults on a mortgage and there is a deficiency after foreclosure sale?
In art commission contracts, what type of ownership rights do artists typically retain?
In art commission contracts, what type of ownership rights do artists typically retain?
When an endorser pays a promissory note before the maturity date, what happens to the note?
When an endorser pays a promissory note before the maturity date, what happens to the note?
Which statement about property redemption rights after foreclosure is correct?
Which statement about property redemption rights after foreclosure is correct?
