Mcq Sales - Business Law
1. Which of the following is not an essential element of a Contract of Sale? a. Consent b. Subject Matter c. Delivery d. Price
2. What is the effect when all the three (3) elements of a valid contract of sale are present but there is a defect or illegality constituting any of such elements? a. Contract is Void. b. Contract is Voidable. c. Contract is Unenforceable d. Contract is Rescissible.
3. It takes place upon the concurrence of the essential elements of the sale which are the meeting of the minds of the parties as to the object of the contract and upon the price. a. Negotiation b. Perfection or Birth c. Consummation or Death d. Preparation
4. The following are characteristics of a contract of sale, except: e. Nominate f. Consensual g. Accessory h. Reciprocal
5. The buyer has a right to the fruit of the thing from the time the i. Thing is delivered j. Contract is perfected k. Obligation to deliver the thing arises l. Fruits are delivered
6. Shaolo sold to Balo his land worth P2,000,000 for P1,500,000 only, thus resulting to inadequate price. The sale is: m. Rescissible n. Voidable o. Unenforceable p. Valid
7. A characteristic of a contract of sale which involves exchange of value. q. Commutative r. Nominate s. Bilateral t. Consensual
8. A case where a contract of sale must not necessarily be in writing u. Sale of 100 piculs of sugar at P400 per picul when there is partial delivery. v. Sale whereby its term cannot be performed within one (1) year from the making thereof. w. Sale of land. x. Sale at public auction.
9. Which of the following obligations of the vendor cannot be waived? y. To allow the buyer to examine the goods sold. z. To transfer the ownership to the buyer. {. To pay the
2. What is the effect when all the three (3) elements of a valid contract of sale are present but there is a defect or illegality constituting any of such elements? a. Contract is Void. b. Contract is Voidable. c. Contract is Unenforceable d. Contract is Rescissible.
3. It takes place upon the concurrence of the essential elements of the sale which are the meeting of the minds of the parties as to the object of the contract and upon the price. a. Negotiation b. Perfection or Birth c. Consummation or Death d. Preparation
4. The following are characteristics of a contract of sale, except: e. Nominate f. Consensual g. Accessory h. Reciprocal
5. The buyer has a right to the fruit of the thing from the time the i. Thing is delivered j. Contract is perfected k. Obligation to deliver the thing arises l. Fruits are delivered
6. Shaolo sold to Balo his land worth P2,000,000 for P1,500,000 only, thus resulting to inadequate price. The sale is: m. Rescissible n. Voidable o. Unenforceable p. Valid
7. A characteristic of a contract of sale which involves exchange of value. q. Commutative r. Nominate s. Bilateral t. Consensual
8. A case where a contract of sale must not necessarily be in writing u. Sale of 100 piculs of sugar at P400 per picul when there is partial delivery. v. Sale whereby its term cannot be performed within one (1) year from the making thereof. w. Sale of land. x. Sale at public auction.
9. Which of the following obligations of the vendor cannot be waived? y. To allow the buyer to examine the goods sold. z. To transfer the ownership to the buyer. {. To pay the