1. S sells to B 200 sacks of rice from a mass stored in the warehouse of S. The mass, however, actually consist of 300 sacks of rice. What is the effect of the sale?

2. On January 1, 2012, S sold to B a specific car owned by X for P50,000. S promised to deliver the car to B on January 11, 2012. S bought the car from X on January 10, 2012 and delivered it to B on January 11, 2012. Is the contract of sale between S and B valid?

3. B purchased the car of S for P100,000 payable within 30 days from the date of sale. As a down payment, B gives S P1,000 upon the execution of their agreement. How much should B pay to S on the 30th day?

4. Under the State of Frauds, what contract of sale must be in writing to be enforceable by court action?

5. Under the law, who may enter into a contract of sale?

6. B, a minor, bought a pair of imported shoes worth P3,000 from a department store. Can F, father, cancel the sale on the ground of the minority of B?

7. When is a thing considered lost?

8. Give the effect in case the thing sold is

a. Lost totally; and

b. Lost partially

9. What are the different ways of effecting delivery to the buyer of the thing sold? Explain each.

10. S sold his only car to B for P100,000 payable in 10 equal monthly installments of P10,000 each. As security, B executed a chattel mortgage on the car.

a. What is the remedy of S if B fails to pay one installment? Explain.

b. Using the same data in number 10 and assuming B fails to pay for two or more installments, can S foreclose the chattel mortgage on the car and recover any

deficiency from the foreclosure? Explain.

c. Using the same data in number 10 and assuming the foreclosure of the chattel mortgage results to excess, who shall be entitled to the excess? Explain.

d. Using the same data in number 10 and assuming B fails to pay two or more installments; can S cancel the contract of sale? How?