BUSINESS LAW

MULTIPLE CHOICE (I hope you can help me, tutor! Thanks a lot! Stay Safe!)

1. The principle that will generally apply in case of loss of the object of the subject matter of the sale.

a. Nemo dat quod non habet

b. Res alicujus

c. Res Communes

d. Res perit domino

e. Res judicata

2. A contract where the consideration is partly in money and partly in another thing, wherein its nature shall be initially determined by considering the intention of the parties.

a. Partial sale

b. Conditional sale

c. Exchange

d. Donation

3. A sale where its perfection depends upon the fulfillment of a contingency.

a. Absolute

b. Partial

c. Relative

d. Conditional

4. A consideration which is separate and distinct from the purchase price.

a. Option Money

b. Earnest Money

c. Arras

d. None of the above

5. Goods which are to be manufactured or raised or acquired by the seller after perfection of the sale

a. Emption spei

b. Emptio rei speratae

c. Future goods

d. Commodities

6. Condition the happening of which will extinguish the validity and effectivity of the sale.

a. Potestative

b. Suspensive

c. Resolutory

d. Executory

7. A characteristic of sale which provides that it is perfected by mere meeting of the minds of the parties over the object and the over the price.

a. Relativity

b. Mutuality

c. Consensuality

d. Obligatory

e. Independence