BM1808

CONTRACT RECOGNITION TASK

Identify the contract that pertains to the following items. Write your answer on the space before each number.
(5 items x 2 points)

____________________ 1. Anthony entered into a contract with Emman to provide a pair of sneakers for
Jhai. No pair was, however, available at the time of perfection of the contract.
Jhai wears 20” basketball shoes which will be manufactured specially for him.
What contract is entered into by the parties?

_____________________ 2. JK and JR entered into a written contract which states that: “JK hereby transfers
his laptop worth P20,000 to JR, for JR’s cellphone worth P15,000 and cash of
P5,000.”

_____________________ 3. Regine and Clifford entered into a contract whereby Regine shall transfer
ownership of his car worth P200,000.00 to the latter, and in lieu thereof, Clifford
shall give to Regine P90,000.00 in cash and a diamond ring worth P110,000. The
heading of the contract signed by the parties reads “Contract of Sale.”

_____________________ 4. What contract is entered into when ownership is reserved to the vendor and
shall not pass to the vendee until full payment of the purchase price?

_____________________ 5. It is a contract whereby the debtor assigns all of his properties to his creditors
so that the latter may sell them and recover their claim out of the proceeds.

01 Activity 1 *Property of STI

Page 1 of 1