31 which of the statements is not true a in sale or

31. Which of the statements is not true?
A. In sale or return ownership is transferred to the buyer upon delivery
B. Warranty against hidden defects is an accidental element of a contract of sale
C. In sale the obligation of the buyer is not only the payment of the price
D. In dacion en pago, an obligation is extinguished while in a contract of sale, obligation arise.
ANS: B
32. The following are common to pledge, chattel mortgage and real mortgage, except: 33. Which of the following is not correct in pledge? 34. In case of a pledge of animals, their offspring shall pertain to the?

TEAM PRTC ONLINE NATIONAL MOCK BOARD OCTOBER 2020
REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS
Page 6 of 16
37. Under Section 2 of BP 22, The making, drawing and issuance of a check payment of which is refused
by the drawee because of insufficient funds in or credit with such bank, when presented within
ninety (90) days from the date of the check, shall be prima facie evidence of knowledge of such
insufficiency of funds or credit unless such maker or drawer pays the holder thereof the amount due
thereon, or makes arrangements for payment in full by the drawee of such check within five (5)
banking days after receiving notice that such check has not been paid by the drawee.
35. Which of these is not essential requisite common to both pledge and mortgage?
A. That the pledge or mortgage be constituted to secure the fulfillment of a principal obligation.
B. That the pledgor or mortgagor be the principal debtor in the obligation.
C. That the pledgor or mortgagor have the free disposal of their properties.
D. That it is essence of a pledge or mortgage that if the obligation is not paid the thing which the
pledge or mortgage consists may be alienated for the payment of the debt.
ANS: B
36. The following are the element of bouncing check law (BP 22), except?