Podcast
Questions and Answers
_____ of Sale
_____ of Sale
Contract
Emption spei is also known as _____
Emption spei is also known as _____
Emptio rei speratae
Tradition Brevi Manu is a type of _____ delivery
Tradition Brevi Manu is a type of _____ delivery
Symbolic
Right of first refusal is sometimes referred to as _____ contract
Right of first refusal is sometimes referred to as _____ contract
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_____ money is given to show good faith in a contract
_____ money is given to show good faith in a contract
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______ is reserved in the seller and will pass to the buyer only upon full payment of the price
______ is reserved in the seller and will pass to the buyer only upon full payment of the price
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As to movables— delivery of the keys to a car
As to movables— delivery of the keys to a car
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______ is with regard to the quantity and quality of the thing and not the existence of the thing
______ is with regard to the quantity and quality of the thing and not the existence of the thing
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______ continues to be valid depending upon circumstances of time, place and person
______ continues to be valid depending upon circumstances of time, place and person
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______ is the proof that contract of sale exists
______ is the proof that contract of sale exists
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______ accrue from time sale is perfected but no real right over it until it is delivered
______ accrue from time sale is perfected but no real right over it until it is delivered
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______ is the entry made in the registry which records solemnly and permanently the right of ownership and other real rights
______ is the entry made in the registry which records solemnly and permanently the right of ownership and other real rights
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______ is extinguished by happening/ non-happening of condition
______ is extinguished by happening/ non-happening of condition
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______ grants an exclusive right in one person, for which he has paid a separate consideration, to buy a certain object within an agreed period
______ grants an exclusive right in one person, for which he has paid a separate consideration, to buy a certain object within an agreed period
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______ is extinguished when period has ended and may be withdrawn at will by offeror
______ is extinguished when period has ended and may be withdrawn at will by offeror
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______ is with regard to the existence of the thing
______ is with regard to the existence of the thing
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______ is with regard to the existence of the thing
______ is with regard to the existence of the thing
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____ barked
____ barked
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The ____ meowed
The ____ meowed
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Depends upon the sole will of one of the contracting parties Right to retain the lawful possession of others property until ____
Depends upon the sole will of one of the contracting parties Right to retain the lawful possession of others property until ____
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Right of seller to stop goods on the way to the buyer and resume possession on goods A document of title which states that the goods referred to therein will be delivered to the bearer, or to the order of any person named in such document Transferor/ holder acquires title to goods; Acquires title to goods against transferor Seller not bound to deliver if buyer has not paid him the ____
Right of seller to stop goods on the way to the buyer and resume possession on goods A document of title which states that the goods referred to therein will be delivered to the bearer, or to the order of any person named in such document Transferor/ holder acquires title to goods; Acquires title to goods against transferor Seller not bound to deliver if buyer has not paid him the ____
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Goods are in transit Payment by several partial payments in small ____
Goods are in transit Payment by several partial payments in small ____
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A statement or representation made by the seller contemporaneously and as a part of the contract of sale, having reference to the character, quality, or title of the goods, and by which he promises or undertakes to insure that certain facts are or shall be as he then represents It must be an affirmation of fact or any promise by seller relating to the subject matter of sale Deemed included in all contracts of sale whether parties are actually aware or not Professional inspection but hidden defect is of such nature that expert knowledge is not sufficient to discover ____
A statement or representation made by the seller contemporaneously and as a part of the contract of sale, having reference to the character, quality, or title of the goods, and by which he promises or undertakes to insure that certain facts are or shall be as he then represents It must be an affirmation of fact or any promise by seller relating to the subject matter of sale Deemed included in all contracts of sale whether parties are actually aware or not Professional inspection but hidden defect is of such nature that expert knowledge is not sufficient to discover ____
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If seller is a dealer in goods of that kind, there is an implied warranty that the goods shall be free from defect rendering them unmerchantable which would not be apparent on reasonable examination of the ____
If seller is a dealer in goods of that kind, there is an implied warranty that the goods shall be free from defect rendering them unmerchantable which would not be apparent on reasonable examination of the ____
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A thing is considered lost when it perishes, or goes out of commerce, or disappears in such a way that its existence is unknown or it cannot be ____
A thing is considered lost when it perishes, or goes out of commerce, or disappears in such a way that its existence is unknown or it cannot be ____
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The gratuitous abandonment by the creditor of his rights against the ____
The gratuitous abandonment by the creditor of his rights against the ____
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The meeting in one person of the qualities/ characters of the creditor and debtor with respect to the same ____
The meeting in one person of the qualities/ characters of the creditor and debtor with respect to the same ____
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The total or partial extinction of an obligation through the creation of a new one by changing their object or principal ____
The total or partial extinction of an obligation through the creation of a new one by changing their object or principal ____
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The happening of the condition which extinguishes the ____
The happening of the condition which extinguishes the ____
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An Implied Agent acts from his ______
An Implied Agent acts from his ______
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Gratuitous Agent receives no ______ for his services
Gratuitous Agent receives no ______ for his services
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General Agency comprises all the ______ of the principal
General Agency comprises all the ______ of the principal
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Couched in general terms, an Agent only acts of ______
Couched in general terms, an Agent only acts of ______
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Universal Agent is employed to do all acts which the principal may personally do, and which he can lawfully delegate to another the ______ of doing
Universal Agent is employed to do all acts which the principal may personally do, and which he can lawfully delegate to another the ______ of doing
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Attorney-in-Fact is an agent whose authority is strictly limited by the instrument ______ him
Attorney-in-Fact is an agent whose authority is strictly limited by the instrument ______ him
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By Public Advertisement, the agent is considered as such with regard to any ______
By Public Advertisement, the agent is considered as such with regard to any ______
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Agency by Estoppel occurs when the alleged agent seemed to have apparent or ostensible, although not real, authority to represent ______
Agency by Estoppel occurs when the alleged agent seemed to have apparent or ostensible, although not real, authority to represent ______
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Commission Agent is one whose business is to receive and sell goods for a commission and who is entrusted by the principal with the possession of goods to be sold, and usually selling in ______ own name
Commission Agent is one whose business is to receive and sell goods for a commission and who is entrusted by the principal with the possession of goods to be sold, and usually selling in ______ own name
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Ratification is the confirmation of an authorized act or conduct after it has ______
Ratification is the confirmation of an authorized act or conduct after it has ______
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Apparent Authority is when the principal knowingly permits/ holds out the agent as possessing the necessary powers to act in a certain ______
Apparent Authority is when the principal knowingly permits/ holds out the agent as possessing the necessary powers to act in a certain ______
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Revocation is the termination of the agency by the subsequent act of the ______
Revocation is the termination of the agency by the subsequent act of the ______
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