1 B bought a vessel from S on condition that S could prove he (S) was the owner thereof by pertinent documents. Before the condition was complied with, the vessel sank in a storm. S now demands the price.

Statement 1. S cannot demand the price.

Statement 2. The condition was never fulfilled; therefore, the contract of sale was never perfected.

Statement 3. S bears the loss.

Group of answer choices

All statements are true.

All statements are false.

No. 1 is false; No. 2 is true, No. 3 is false

2 Which of the following statement is true and correct?

Group of answer choices

In a contract of sale the full payment of the price is in the nature of suspensive condition in that the seller is obliged to transfer ownership of the thing sold

The seller need not be the owner of the thing sold at the perfection of the sale.

In a contract of sale the buyer becomes the owner of the thing sold upon full payment of the purchase price.