44. Delivery is no longer required as buyer is already in possession of the object of sale

a. Constitutum Possessorium b. Traditio Brevi Manu

c. Traditio Longa Manu d. Tradition

45. In case of failure of the buyer in installment of a residential house and lot for a period

of five months, his grace period to pay without interest is:

a. 30 days per year of payment

b. 60 days grace period

c. 15 days grace period

d. 1 year grace period

46. Should a buyer of Real Estate installment failed to pay after 5 years of payment and

he received a notarial notice of cancellation, he is entitled to the following except one:

a. 30 days from receipt before the actual cancellation took effect

b. Grace period of 60 days per year of payment

c. Sell his right within the grace period

d. 50% of the amount paid as refund, if the sale is actually cancelled

47.. Redhibitory action, based on the defect of animals must be brought within what

period from delivery to Vendee, otherwise prescribed.

a. 60 days b. 40 days

c. 1 year d. 1 week

48. In the case of the sale of Real Estate by a co-owner, the other co-owner should be

given notice in writing by the vendor for this period for him to exercise his right of legal

redemption.

a. 1 year b. 30 days

c. 6 months d. 3 months

49. It is a contract wherein another act in representation of another

A. Sale B. Barter C. Exhange D. Agency

50. Under the Civil Code, implied or expressed warranties of the thing sold shall

prescribed within what period from the date of delivery.

a. 7 days b. 6 months

c. 1 month d. 1 year