What is the treatment of the sale a rescissible b

Info icon This preview shows pages 13–15. Sign up to view the full content.

View Full Document Right Arrow Icon
What is the treatment of the sale?
Image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
A. Rescissible B. Voidable C. Valid D. Void Page 14 64. A, B and C are co-owners of a parcel of land. A sold his 1/3 share on April 7, 2018, B his 1/3 share on April 15, 2018 and C his 1/3 share on April 23, 2018, all to D and with the right of repurchase. Which of the following is correct? A. A should redeem the whole property if he is required by D to do so B. A can redeem the entire property even if D allows him to redeem only his 1/3 share C. A can redeem his 1/3 share even if D requires him to redeem the whole property D. A may redeem his 1/3 share only if D allows him to do so 65. A sells to B a Sony Colored TV for P12,000 payable in twelve equal monthly installments beginning May 5, 2018 and every 5 th day of each month thereafter. The contract provides that upon failure to pay any installment due, the whole balance becomes due and demandable. To secure the obligation, a chattel mortgage over the TV set was executed. When B defaulted on the 7 th and 8 th installments, A sued B for the payment of the whole balance of P6,000. The TV set was levied and subsequently sold at a public sale for P5,000. Can A still recover the deficiency of P1,000 from B? A. Yes, if there was stipulation to that effect B. Yes, even though there was no stipulation C. No, any stipulation allowing recovery is void D. No, if there was no stipulation to that effect 66. S sold his car to B on installments and a chattel mortgage was constituted on the car. B defaulted in two installment payments. S foreclosed the chattel mortgage and sold the car at a public auction. If there is deficiency, can S recover the deficiency? A. Yes, even without stipulation B. Yes, if there is stipulation C. No, even if there is stipulation D. No, unless there is stipulation 67. H, an Olympic judo champion, with violence and intimidation forced his wife W to sell W’s pieces of jewelry to B. What is the treatment of the sale? A. Valid and binding B. Voidable, because the consent of W is vitiated C. Rescissible, if W suffered lesion of at least one-fourth of the value of the property D. Void, except when a separation of property was agreed upon in the marriage settlement or there has been a judicial separation of property 68. F made a telephone call to his son S, for S to sell F’s land. In the deed of absolute sale which was acknowledged before a notary public, S signed as agent of F. Later, in the presence of two witnesses, F ratified the sale executed by S. Which is correct? A. The sale was void at the start but was validated upon the ratification by F B. The sale remained void despite the ratification by F C. The sale was valid from the start since it was made in a public instrument and F, the owner ratified the sale D. The sale was merely unenforceable at the start but the ratification validated the contract 69. It is a sum of money paid, or a thing delivered upon the making of a contract for the sale of goods to bind the offer, the delivery and acceptance of which makes the final assent of both parties to the contract.
Image of page 14
Image of page 15
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern