Case 1: S offered to sell his land to B for P1M which B accepted and was given 30 days within which to pay the price.

Case 2: S offered to sell his land to B for P1M and gave the latter (B) 30 days to decide whether or not to accept the offer.

Case 3: S offered to sell his land to B for P1M and gave the latter (B) 30 days to decide whether or not to accept the offer. B gave P5,000 to ensure the 30-day period to decide.

Part II

6. As a rule, husbands and wives are prohibited from entering into a contract of sale, except:

A. When there is complete separation of property prior to marriage

B. When there has been judicial separation of property after marriage

C. Both A and B

D. Neither A nor B

7. The following are authorized sellers even though they are not owners of the thing subject of the sale, except:

A. Liquidator

B. Sheriff

C. Notary Public

D. None of the choices is an exception

8. Which of the following statements is incorrect as regards price?

A. In order that the price may be considered certain, it shall be sufficient that it be so with reference to another thing certain.

B. A price is considered certain even if the determination thereof be left to the judgment of a special person or persons.

C. If the third person or persons asked to determine the price be unable or unwilling to fix the price, the contract shall be inefficacious regardless if the parties subsequently agreed on a price.

D. If the third person or persons, asked to determine the price, acted in bad faith or by mistake, the courts may fix the price.

9. X came across an advertisement in the "Manila Daily Bulletin" about the rush sale of three slightly used TOYOTA cars, Model 1989 for only P200,000 each. Finding the price to be very cheap and in order to be sure that he gets one unit ahead of the others, "X" immediately phoned the advertiser "Y" and placed an order for one car. "Y" accepted the order and promised to deliver the ordered unit on July 15, 1989. On the said date, however, "Y" did not deliver the unit. Which of the following is correct?

A. There is a perfected contract of sale and Y can be compelled by X to deliver.

B. The contract of sale is unenforceable since it is required to be in writing

C. Y cannot be compelled to deliver the car even if X interposes an objection as to enforceability

D. There is only an offer which was not converted into a perfected contract of sale.

10. Which of the following cannot be the object of a contract of sale?

A. Thing C. Service

B. Right D. None of the choices

11. First sale: Sale of a Mazda CX-5 2018 model, color black for P2M found in the car store

Second sale: Sale of a Hyundai Tucson 2018 model with plate number MU3782 for P1.3M

A. Both sales are void

B. Both sales are valid

C. The first sale is valid, the second sale is void

D. The first sale is void, the second sale is valid

12. Which of the following is false?

A. Sale, as a rule, is perfected by mere consent.

B. Ownership transfers upon perfection of the contract of sale.

C. In sale by auction, the perfection is by the fall of the hammer.

D. None of the above.

13. Sergio is the registered owner of a parcel of land. His friend Marcelo succeeded in convincing him to sell such land to Marcelo. On June 2, 2012, they agreed on the price of P600,000 and a period until June 30, 2012 within which Marcelo may raise the amount. Marcelo in a light tone, usual between them, said that they should seal their agreement through a case of Jack Daniel's Black and P5,000 pulutan, which they did. On June 13, 2012, Sergio learned of a new buyer Roberto who is offering to buy the land for P800,000 cash. Sergio withdrew his offer to Marcelo. Marcelo objected claiming that there is an option to buy supported by a valuable consideration. Who is correct?

A. Sergio C. Both Sergio and Marcelo

B. Marcelo D. Neither Sergio nor Marcelo