BLR FINALS ASSESSMENTS

ASSESSMENT 4 – 30/30
1. Who are the people allowed to enter in a Contract of Sale? - Those who are capacitated
2. A type of contract of sale that contemplates contingency or is subject to a condition –
Conditional
3. Who has the responsibility to bear all the expenses for the execution and putting of the
goods in a deliverable state? – Vendee
4. The following are the requirements in the object of Sale, EXCEPT: - Illicit
5. These are types of goods that owned and possessed by the seller at the time of
perfection – Existing Goods
6. It is the most essential element in a contract of sale? – Consent
7. It is the subject matter of the contract. – Object
8. A type of incapacity wherein a certain person cannot buy a certain class of properties. –
Relative Incapacity
9. This is a type of agreement between a buyer and a seller whereby the seller promises to
sell something to the buyer and the buyer promises to buy it – Contact to Sell
10. The Sale between husband and wife falls under what type of incapacity? – Relative
11. The object of a contract of sale must be ? – Licit
12. Illicit Per Accidens is a type of thing that is inherently prohibited. – False
13. A type of thing that is distinct from all others of the same class. – Determinate
14. It is considered as the birth of the contract, the moment the parties come to agree on
the terms of the contract – Perfection
15. A type of contract of sale that is not subject to any condition or does not require any
condition. – Absolute
16. Contracts agreed to in a state of drunkenness or during a hypnotic spell are considered
what? – Voidable
17. Who are those unemancipated minors? - Those who have not reached the age of 18
18. It is the reason why the law prohibits the sale between a husband and wife? - to prevent
undue influence of one over the other
19. A type of goods that are to be manufactured, raised, acquired by seller after perfection of
the contract or whose acquisition by seller depends upon a contingency. – Future
20. A type of contract wherein one of the contracting parties obligates himself to transfer the
ownership and to deliver a determinate thing, and the other to pay therefore a price certain
in money or its equivalent – Sales
21. It is a non-human legal person that is recognized by law as a fictitious person such as a
corporation. – Juridical Person
22. It is the death, fulfillment or performance of the terms agreed upon in the Contract of Sale.
– Consummation
23. It is a type of incapacity wherein the person suffering from mental illness is restored to his
normal intellectual capacity, intelligence, judgment and reason. – Lucid Interval
24. It is an essential requisite for the Contract of Sale that is also called as the meeting of the
minds and mutual agreement. – Consent
25. This is a kind of incapacity that is considered absolutely incapable of entering into a
contract of sale are those that cannot bind themselves. – Absolute Incapacity
26. What does the Latin term Nemo dat quod non habet means? - no one can give what he
doesn't have
27. Who has the obligation to transfer the ownership of the thing? – Vendor
28. The following are examples of Illicit Per Accidens, EXCEPT: - Decaying Fruits
29. In this type of contract, ownership is not transferred by delivery. – Contract to sell
30. Who are the two parties in the contract of sale? – Vendor/Vendee
ASSESSMENT 4 – 30/30
1. Republic Act 6552 is also known as Recto Law. – FALSE
2. For every additional year of payment, how many days of grace period is added after 2 years of
payment? – 30
3. COMPUTE FOR THE "MONTHS" OF GRACE PERIOD:
Paid Installments: 10 years - 10
4. COMPUTE FOR THE "MONTHS" OF GRACE PERIOD:
Paid Installments: 9 years - 9
5. COMPUTE FOR THE PERCENTAGE OF REFUND:
Paid Installments: 10 - 75%
6. Personal properties are movable. - TRUE
7. COMPUTE FOR THE DAYS OF GRACE PERIOD:
Paid Installments: 1 year and 11 months - 60
8. Option money serves as an evidence for the perfection of sale. - FALSE
9. How many days of grace period is entitled to a vendee who had already paid less than 2 years?
- 60
10. House and Lot is a type of Real Property. - TRUE
11. COMPUTE FOR THE "DAYS" OF GRACE PERIOD:
Paid Installments: 10 months - 60
12. Maceda Law is created and passed to prevent abuses in the foreclosure of chattel mortgages. -
FALSE
13. COMPUTE FOR THE "MONTHS" OF GRACE PERIOD:
Paid Installments:4 years and 11 months. - 4
14. COMPUTE FOR THE "MONTHS" OF GRACE PERIOD:
Paid Installments:3 years. - 3
15. Earnest money is not refundable. - FALSE
16. COMPUTE FOR THE PERCENTAGE OF REFUND:
Paid Installments: 5 years NOTE: include % in your answer – 50%
17. Recto Law is derived from the Civil Code of the Philippines. - TRUE
18. when a buyer already paid for 3 years, he is already entitled for a refund under Maceda Law. –
TRUE
19. Option money is refundable. - FALSE
20. Chattel Mortgage can be foreclosed in case of default in payment. - TRUE
21. Everyone is entitled for a refund under Maceda Law. - FALSE
22. Bicycle is an example of Personal Property, - TRUE
23. The seller can go after the buyer for deficiencies when Remedy 1 of Recto Law is applied. -
TRUE
24. COMPUTE FOR THE "MONTHS" OF GRACE PERIOD:
Paid Installments:7 years. (number only) - 7
25. COMPUTE FOR THE PERCENTAGE OF REFUND:
Paid Installments: 8 years NOTE: include % in your answer – 65%
26. Recto Law provides remedies for the vendors in case of default on the part of the vendee. -
TRUE
27. COMPUTE FOR THE PERCENTAGE OF REFUND:
Paid Installments: 7 years NOTE: include % in your answer – 60%
28. payment by Installment is allowed in an absolute sale. - FALSE
29. Maceda Law provides remedies for the vendee in case of default. - TRUE
30. The buyer is not required to buy the property even if he already gave option money to the
seller. – TRUE