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Questions and Answers
Which party in a contract of sale is obligated to transfer the ownership of and deliver a determinate thing?
Which party in a contract of sale is obligated to transfer the ownership of and deliver a determinate thing?
- An external party
- Both the seller and buyer
- Buyer or vendee
- Seller or vendor (correct)
What is an essential element for the validity and perfection of a contract of sale?
What is an essential element for the validity and perfection of a contract of sale?
- Consent
- Price
- Determinate subject
- All of the above (correct)
What must the vendor have in order for something to become the subject matter of a contract of sale?
What must the vendor have in order for something to become the subject matter of a contract of sale?
- The right to transfer ownership (correct)
- The right to change the price
- The right to receive payment
- The right to cancel the contract
Which party in a contract of sale is obligated to pay a price certain in money or its equivalent?
Which party in a contract of sale is obligated to pay a price certain in money or its equivalent?
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