Podcast
Questions and Answers
What is the essential element for the validity of a contract of sale?
What is the essential element for the validity of a contract of sale?
- Consent (correct)
- Payment of interest
- Offer and acceptance
- Delivery of the thing sold
Which element is deemed to exist in a contract of sale unless there are contrary stipulations?
Which element is deemed to exist in a contract of sale unless there are contrary stipulations?
- Time and place of payment
- Payment of interest
- Warranty against eviction (correct)
- Delivery of the thing sold
In the absence of all essential elements, what is the legal status of the contract of sale?
In the absence of all essential elements, what is the legal status of the contract of sale?
- Unenforceable
- Void (correct)
- Voidable
- Rescindable
What can earnest money not establish in a contract of sale?
What can earnest money not establish in a contract of sale?
Which stage of a contract of sale involves the time when the contracting parties show interest in the contract?
Which stage of a contract of sale involves the time when the contracting parties show interest in the contract?
What is an example of an accidental element in a contract of sale?
What is an example of an accidental element in a contract of sale?
When is a contract of sale considered perfected?
When is a contract of sale considered perfected?
Under what conditions can a contract of sale be considered valid, according to the text?
Under what conditions can a contract of sale be considered valid, according to the text?
What type of contracts must be in writing to be enforceable under the Statute of Frauds?
What type of contracts must be in writing to be enforceable under the Statute of Frauds?
In what situation does a sale of large cattle require special recording and a certificate of transfer?
In what situation does a sale of large cattle require special recording and a certificate of transfer?
What is granted to each contracting party under Art. 1357 of the NCC?
What is granted to each contracting party under Art. 1357 of the NCC?
What renders a sale of land or interest therein made through an agent void?
What renders a sale of land or interest therein made through an agent void?
