BUSINESS LAW

CIVIL CODE OF THE PHILIPPINES

Answer the following questions

a. Who are the persons who may enter into a contract of sale?

b. What is the reason for prohibition that the husband and the wife cannot sell property to each other?

c. What are the principal obligations of the vendor in a contract of sale?

d. When the thing sold shall be considered as delivered?

e. Decide the following cases:

1. "S, a minor, sold his car to B, a person of majority age. Is the sale valid? Why?"

2. "What about, if B, in turn, sold the car to C, who acted in good faith, is the ale valid? Why?'

3. "B bought in good faith for value a car which was stolen from C, the lawful owner, is the sale valid?why?