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    Examination in Sales

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    Lejoe Campos
    1. The summaries are: - Mario can demand fulfillment of the promise to sell the dog once he delivers it to Maria. - If Maria does not fulfill her promise to buy the dog, Mario can sue Maria for damages. - If Maria paid earnest money for the dog, the earnest money forms part of the purchase price. 2. The summaries are concise yet capture the key points and conclusions from each multi-part question in the document. I have limited each summary to 3 sentences or less as requested. Let me know if you would like me to elaborate on any part of the summaries.

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    Examination in Sales

    Uploaded by

    Lejoe Campos
    28 views1 page
    1. The summaries are: - Mario can demand fulfillment of the promise to sell the dog once he delivers it to Maria. - If Maria does not fulfill her promise to buy the dog, Mario can sue Maria for damages. - If Maria paid earnest money for the dog, the earnest money forms part of the purchase price. 2. The summaries are concise yet capture the key points and conclusions from each multi-part question in the document. I have limited each summary to 3 sentences or less as requested. Let me know if you would like me to elaborate on any part of the summaries.

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    Multiple choice

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    1. The summaries are: - Mario can demand fulfillment of the promise to sell the dog once he delivers it to Maria. - If Maria does not fulfill her promise to buy the dog, Mario can sue Maria for damages. - If Maria paid earnest money for the dog, the earnest money forms part of the purchase price. 2. The summaries are concise yet capture the key points and conclusions from each multi-part question in the document. I have limited each summary to 3 sentences or less as requested. Let me know if you would like me to elaborate on any part of the summaries.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views1 page

    Examination in Sales

    Uploaded by

    Lejoe Campos
    1. The summaries are: - Mario can demand fulfillment of the promise to sell the dog once he delivers it to Maria. - If Maria does not fulfill her promise to buy the dog, Mario can sue Maria for damages. - If Maria paid earnest money for the dog, the earnest money forms part of the purchase price. 2. The summaries are concise yet capture the key points and conclusions from each multi-part question in the document. I have limited each summary to 3 sentences or less as requested. Let me know if you would like me to elaborate on any part of the summaries.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    1. Same problem.

    If Mario and Maria agreed on the promise to sell when can either party demand
    fulfillment?
    a. When Mario delivers the dog to Maria.
    b. Only when Maria accepted the offer.
    c. When Mario promised to sell his dog.
    d. None of the above
    2. Same Problem. What will be Mario’s available remedy if Maria did not make good of his promise
    to buy the dog?
    a. Marion can sue Maria for damages.
    b. Mario can annul the contract.
    c. Mario cannot enforce performance because it was a mere promise to sell
    d. Mario can either file a case for specific performance or rescission with damages in either
    case.
    3. Same problem. If the dog was supported by an earnest money paid by Maria. What is the effect of
    the earnest money to the price of the dog?
    a. The earnest money is in the nature of a reservation.
    b. The earnest money does not form part of the price.
    c. The earnest money forms part of the price.
    d. The earnest money is a mere acknowledgment of the promise to buy.
    4. I. Earnest money is part of the purchase price.
    II. Option money is not a part of the purchase price.
    III. When earnest money is given the buyer is bound to pay the balance.
    a. Statement I is correct.
    b. Statement II is correct.
    c. Statement III is not correct.
    d. Statements I, II, and III are all correct.
    5. George and Jane are married. George sold his car to his wife, Jane. Is there a valid contract of
    sale?
    a. None. Husband and wife cannot sell property to each other.
    b. None. There was no meeting of mind.
    c. Yes. George is the owner of the case, thus he can sell it.
    d. Yes. Husband and wife have the freedom to enter into a contract with each other.
    6. Same problem. Will your answer be the same if George and Jane agreed to have a separate
    property regime before their marriage?
    a. Yes. They are still married. They cannot sell to each other.
    b. Yes. Because the contract of sale is not valid.
    c. No. Husband and wife cannot sell property to each other unless a separation of property was
    agreed upon in the marriage.
    d. No. Every person can sell what he owns.
    7. Same problem. Can either George or Jane buy the property of their minor son who is under their
    guardianship?
    a. No. The guardian cannot purchase the property of a minor under his guardianship.
    b. No. Because they are husband and wife.
    c. Yes, but only one of them can purchase the minor’s property.
    d. Yes. Every person who has the capacity and means to buy can purchase a property.
    8. When is the vendor not obliged to make delivery after the perfection of the contract of sale?
    a. f the vendee has not paid him the price.
    b. If no period for the payment has been fixed in the contract.
    c. If the vendee lost the right to make use of the period and refuses to pay despite the fixed
    period.
    d. All of the above.
    9. A buys from B a piece of land supposed to contain 1,000 square meters at the rate of P1,000.00
    per square meter but the land has only 800 square meter. What is the available remedy of A with
    regard to the 200 square meter excess.
    a. The additional 200 sq. m. should be given to A in case A demands.
    b. If the excess cannot be delivered A may pay only 800 sq. m.
    c. A can rescind the contract.

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