La Consolacion College

Formely: Sacred Heart Academy

Bais City Negros Oriental

Name: Clark Cris Dinglasa Date: July 6, 2022

Course\Year: BSBA-III FM BAC-33

Activity No.2

I. Define or give the meaning of the following:

1. Necessaries

- Necessaries refers to essentials necessary for a person to live a healthy and

comfortable life. What constitutes a necessary depends on one's socio-economic
status, background, and standard of living. Thus, they may comprise things
beyond the bare necessities.

2. Compromise

- an agreement or a settlement of a dispute that is reached by each side making

concessions.

II. Discussions
1. Are husband and wife allowed to sell property to each other?

- The husband and the wife cannot sell property to each other, except. When a
separation of property was agreed upon in the marriage settlements or when there
has been a judicial separation or property under Article 191.
2. Under the law, who may enter into a contract of sale?

- As a general rule, all persons who are authorized by the Civil Code to obligate
themselves may enter into a contract of sale.

III. Problems

Explain

1. B, a minor bought a pai of imported shoes worth P3,000.00 from a department store.
Can F, father, cancel the sale on the ground of minority of B?

- No, the father cannot

cancel the sale this is
because B or the minor
bought the pair of
- imported shoes so that B or
the minor is obliged to pay
at a reasonable price.
- No, the father cannot
cancel the sale this is
 because B or the minor
bought the pair of
- imported shoes so that B or
the minor is obliged to pay
at a reasonable price.
- No, the father cannot cancel the sale this is because B or the minor bought the pair
of imported shoes so that B or the minor is obliged to pay at a reasonable price.

2. H and W are husband and wife. After selling his property to W, H borrowed a big
amount of money from C. It appears that H is now bankrupt. Has C the right to
question the sale of H's property to W in order to have said property answer for H's
indebtedness to him?

- No, because there is a prohibition on that right. And the law prohibits the husband
and wife to sell the property of each other. But this is except when there’s a
separation of property agreed on marriage settlement and when there has been a
judicial separation of property.