SALES QUIZ 6 SET-B SURNAME first____________

TRUE OR FALSE.

1.___TRUE___ The buyer shall have a reasonable opportunity of comparing the bulk
with the description or the sample.

2. _false____ Whenever earnest money is given in a contract of sale, it shall be

considered as reservation for the sale of property for a given period of time.

3._false____ Subject to the provisions of the Statute of Frauds or another statute, a

contract of sale should always be made in writing.

4.true_____ In a contract of sale of personal property the price of which is payable in

installments, the vendor may exact fulfillment of the obligation, should the vendee fail
to pay;

5.__false___ The Vendor may also Foreclose the chattel mortgage on the thing sold, if
one has been constituted, should the vendee's failure to pay one installments. ONE

6.__false___ When the Vendor foreclose a chattel mortgage on the thing sold and
found the value of the property less than the amount due to him, he may file further
action against the purchaser to recover any unpaid balance of the price. NO

7.___true__ The option for the Lessor to foreclose mortgage is applicable to

contracts purporting to be leases of personal property with option to buy, when the
lessor has deprived the lessee of the possession or enjoyment of the thing.

FILL-IN THE BLANKS

8 - 12. In a contract of sale of 8._____personal______ property the price of which is

payable in installments, the vendor may exercise any of the following remedies:

9.______exact fulfillment___ ____________ of the obligation, should the

vendee fail to pay;

10. ____cancel_________ the sale, should the vendee's failure to pay cover two
or more installments;

11.___foreclose___________ the chattel mortgage on the thing sold, if one has

been constituted, should the vendee's failure to pay cover two or more
installments. In this case, he shall have no further action against the purchaser
to recover any unpaid balance of the price. Any agreement to the contrary shall
be 12.____void_______.

13 -14. The expenses for the execution and 13._____registration_________ of the sale
shall be borne by the 14._______vendor________, unless there is a stipulation to the
contrary.

15. The ______expropriation of property for public use is governed by special laws.