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1. A) Define a contract of sale in accordance with Article 1458 of the Civil Code. B) Application problem: Suppose you had just bought a

1. A) Define a contract of sale in accordance with Article 1458 of the Civil Code. B) Application problem: Suppose you had just bought a laptop computer for Php 80T sold to you by a stranger. A few days later, a student comes to you showing a police blotter report of theft of her laptop with proof of purchase in her name with a similar serial number of the laptop you just bought. Should you insist that you are now the owner thereof? Explain. 2. A. What is the significance of the presence of elements of a contract? B. Distinguish, and give each an example the essential, the natural, and the accidental elements of a contract of sale. 3. How shall a contract of sale be perfected? What is the legal effect as to the ownership of the thing sold? 4. What is the significance of the act of delivery of a property as far as the rights of the buyer is concerned? 5. Sendoy sold his land to his neighbour Bewan, who immediately took possession of the same but because of financial constraints, did not bother to register the sale. A month later Sendoy sold the same to Betwo, (an OFW who has knowledge of the prior sale), who paid twice the amount paid by Bewan. Betwo then registered the sale unto the Register of Deeds. Betwo, armed with the Certificate of Title to the land, politely asked Bewan to vacate the property, with the latter saying "imo nang papel, sa ako ang yuta". Both ask you, who is the rightful owner of the land? Reason out your

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