READING GUIDE ON LAW ON LSAES.docx - READING GUIDE LAW ON...

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READING GUIDELAW ON SALESAtty. Kenneth Lloyd G. dela CruzThe topics here are usually asked in the CPALE or if not yet asked there is a greatprobability that it will be asked.Chapter 1. Nature and Form of the ContractArticle 1458 to 14881.Define contract of sale2.What are the characteristics of contract of sale?
3.What are the essential elements of contract of sale?
4.Kinds of sale
5.Distinguish the following:a.Absolute sale v. agency to sellb.Contract of sale v. contract for a piece of workc.Contract of sale v. barter(1)Rule if consideration is partly in money and partly in another thing6.Bilateral promise to buy and sell is reciprocally demandable7.Unilateral promise to buy or sell shall be binding upon the promisor if thepromise is supported by a consideration distinct from the price.
8.Rules on risk of loss of objecta.Who bears the risk of loss
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9.Distinguish earnest money from option money10.Form of contract of salea.Subject to statute of fraudb.Law on agency11.Article 1484 – Recto Law12.Maceda LawChapter 2. Capacity to Buy or SellArticle 1489 to 14921.Husband and wife cannot sell property to each other, except:a.Separation of property was agreed upon.b.Judicial separation of property.2.Prohibited sale under 1491 – void salesChapter 3.Effects of the Contract when the Thing Sold has been LostArticle 1493 and 14941.

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Term
Fall
Professor
EmilyBryan

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