REVIEWER BL 3

1. Condo Shoe Store entered into a separate contract with two movie stars, Lee and Cornejo.
With Lee the agreement was that the Shoe Store shall deliver at a specified date for as
price of P 1,000 a pair of shoes of a specified brand which the store had been
manufacturing for the general public but which at the time of the contract had already been
sold out, and with Cornejo, the agreement was that the store shall deliver at a specified
date for a price of 2,000 a pair of shoes to be made especially for her, in accordance to the
design submitted by her. Which of the following is true as to the nature of the contracts?
a. Lee’s contract of sale is invalid, since the object is not available, which is one of the
essential requisite of valid contract.
b. Cornejo’s contract is a contract of piece of work since the thing transferred which
never would have existed but for the order of the party desiring to acquire it.
c. The nature of Cornejo’s contract is a contract of sale, since there is already meeting of
minds of two parties, object and consideration of which are the essential requisites of
a contract.
d. Lee’s contract of piece of work since the thing transferred is one which would have
existed and been the subject of sale to some other person, even if the order had not
been given.

2. This refers to a contract of sale that contemplates contingency, or is subject to a condition.

It follows then that the delivery of the determinate thing does not necessarily transfer
ownership, unless the contingency or condition is fulfilled.
a. Causal
b. Absolute
c. Bilateral
d. Conditional

3. Sister offered his car to Brother for 1M and giving the latter one week to decide. Brother in
turn gave Sister 2,000. In this case, there is
a. Contract of sale of the car with the P 2,000 as earnest money.
b. Contract to sell of the car at Sister’s option.
c. Contract to sell of the car at Brother’s option.
d. Contract of option with the P 2,000 as option money.

4. Under the _____ the sale involving the following must be in writing to be enforceable:

Sale of real property or of any interest therein (regardless of the price)

Sale of goods, chattels or things in action, the price of which is P 500.00 or more (Art. 1403)
Things in action include credit, shares of stock and other incorporeal properties.
a. Agreement
b. Contract
c. Law
d. Statue of Frauds