Mastering Business Transactions
4 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • 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?

  • 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?

    <p>Buyer or vendee</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser