22. If piece of land together with the house therein should sold to different vendees, the

ownership shall be transferred to the person.

a. Who have first taken possession in good faith

b. Who present the oldest title in good faith

c. Who in good faith recorded it in the Registry of Property

d. Who have paid in good faith the purchase price in full

23. In the preceding question, if particular Nokia Cellular Phone, it shall belong to the

person:

a. Who have first taken possession in good faith

b. Who present the oldest title in good faith

c. Who in good faith recorded it in the Registry of Property

d. Who have paid in good faith the purchase price in full

24. The following are obligations of the Vendor, except one.

a. To pay for expenses for execution and transfer of the sale in a public

instrument

b. To warrant the thing sold

c. To pay the price of sale

d. To deliver the thing

25. When goods are delivered to the buyer ion "sale or return" for a period of 10 days

ownership of the goods passes to the buyer.

a. On perfection of the contract b. On expiration of 10 days

c. On delivery of the goods d. When the buyer signifies his

acceptance to the seller

26. Mr. Janrei order for his workers, 1,000 pieces of T-shirt ranging in size from small to

large from the Serga Garments Mfg. Corporation. The specified sizes, although not

then available, are manufactured by said corporation to its sales outlets regularly.

The contract entered into by Mr. Janrei with the Serga Garments Mfg. Corporation

is:

a. Contract for a piece of work

b. Contract subject to a resolutory condition

c. A contract of Sale

d. None of the above

27. The unpaid seller is entitled to retain possession of the goods except one

a. The goods together with the bill of lading have been delivered to the carrier

b. The goods are still in the possession the Seller

c. The buyer is insolvent

d. The goods are in transit

28. The Maceda Law is otherwise known as:

a. Movable Property Sale Installment b. Real Estate Buyer's Protection Law

c. RECTO LAW d. None of the above

29. The following are elements of the vendor's right of stoppage in transitu. Which is

the exception?

a. The buyer must be insolvent b. The goods must be in transit

c. Both (a) and (b) d. Neither (a) nor (b)

30. Which of the following obligation of the vendor cannot be waived?

a. To allow the buyer to examine the goods sold

b. To transfer ownership to the buyer

c. To pay the expenses of the Deed of Sale

d. To warrant the thing sold

31. The seller must give three of the following to the buyer if redemption is to be

made. Which is the exception?

a. Expenses of the contract should the vendee pays for it

b. Price of the sale

c. Necessary expenses of the thing sold

d. None of the above

32. Mr. Gambol sold his car for P 500,000.00 to Mr. Ramos. There was no fixed date for

the performance of the obligations of both parties. The obligation of Mr. Gambol as a

vendor is.

a. To wait for Mr. Ramos to pay P 500,00 and the deliver of the car

b. To deliver the car immediately because the seller's obligation is pure

c. To deliver the car immediately because the seller's obligation is pure

d. To rescind the contract because no time or date is fixed for the performance of their

respective obligations.

33 . A gives his car worth P 600,000.00 to B in consideration of B's giving to A P

400,000 cash and a Rolex wrist watch worth P 200,000.00 and the parties intention is not

manifested, the transaction is:

a. Sale b. Barter

c. Loan d. None of the above

34. B offer to sell to Q his lucky lotto number combinations allegedly for March 15,

2010 draw. Q accepted and paid the amount of P 20,000.00 unknown to Q the lotto ticket

had already drawn on January 2, 2010. is the contract valid?

a. Yes, there is an agreement between B and Q

b. No, because the contract is sale of vain hope

c. Yes, the contract is an Emptio Spei, which is valid

d. None of the above

35. This happens when the seller is in possession of the thing after the purchase as

agreed.

a. Traditio longa manu b. Traditio brevi manu

c. Constitutum possessorium d. Answer not given

36. A got a fountain pen from B. A become the owner thereof by obliging himself to give

a fountain pen of the same kind and quality to B. what kind of contract is this?

a. mutuum b. commodatum c. sale d. barter

37. D borrowed fro C P 100,000.00 secured by D's brand new car, by the way if

mortgage. Parties agreed in writing that if D cannot pay in the date agreed upon the car

would automatically belong to C. Is this valid?

a. No, because it is Pactum Comissorium

b. Yes, because it is the law between the parties

c. It depends, whether it is in writing or not

d. No Answer

38. One which reveals intent to make the property a security for the debt, even if the

contract lacks the proper formalities of real estate mortgage is known as:

a. Voluntary or Conventional Mortgage

b. Legal Mortgage

c. Equitable Mortgage

d. Pledge

39. Albin sold to Jerry a specific radio for P 500 on January 1, 2010. Payment and

delivery was not agreed upon. On January 2, 2010 can Jerry demand delivery from Albin,

even if no payment has yet been made?

a. Yes, it is already a perfect contract

b. No, it is a reciprocal obligation

c. Both A and B

d. Neither A nor B

40. Rose sold to Jenny "by sample" twenty (20) pares of pillow cases. At the time of

perfection, the goods were pulled out and found to be alright. Upon delivery, most of the

pillow cases are already worn out. Which statement is correct?

a. Jenny may cancel the contract with damages

b. Jenny may enforce the contract with damages

c. Both A and B

d. Neither A nor B