Question
Determine the party to the contract of agency described in each of the following:* 1. Also known as mandante a.principal b. agent c. broker d.
Determine the party to the contract of agency described in each of the following:*
1. Also known as mandante
a.principal
b. agent
c. broker
d. commission agent
e. del credere agent
2. One who acts in representation of or on behalf of another
a.principal
b. agent
c. broker
d. commission agent
e. del credere agent
3. Acts as an intermediary or go-between and does not receive possession of the object of the agency
a.principal
b. agent
c. broker
d. commission agent
e. del credere agent
4.Bears the risk of collection and pays to the principal the proceeds of the sale
a.principal
b. agent
c. broker
d. commission agent
e. del credere agent
5.Receives a portion of the proceeds also known as factorage
a.principal
b. agent
c. broker
d. commission agent
e. del credere agent
Determine what is being described.*
1. After the sale, the vendor remains in possession of the subject property
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
2. Takes place when the vendor reserves the right to repurchase the thing sold, with the obligation to comply with the provisions of Article 1616 and other stipulations which may have been agreed upon
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
3. Sale with unusually inadequate purchase price
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
4. Pacto de retro sale
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
5. The right to be subrogated, upon the same terms and conditions stipulated in the contract, in the place of one who acquires a thing by purchase or dation in payment, or by any other transaction whereby ownership is transmitted by onerous title
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
6. Extension of redemption period after expiration
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
7. An equity of redemption in cases of judicial foreclosures
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
8. Redemption by an agricultural tenant of land sold by the landowner
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
9. Vendor binds himself to pay the taxes on the thing sold
a. Conventional redemption
b. Equitable mortgage
c. Legal redemption
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