Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Good eve tutor! Can you help me with my assignment about Regularoty Framework and Legal Issues in Business subject. Thank you in advance tutor! CONTRACT

Good eve tutor!

Can you help me with my assignment about Regularoty Framework and Legal Issues in Business subject.

Thank you in advance tutor!

image text in transcribed
CONTRACT RECOGNITION TASK Identify the contract that pertains to the following items. Write your answer on the space before each number. (5 items x 2 points) 1. Anthony entered into a contract with Emman to provide a pair of sneakers for Jhai. No pair was, however, available at the time of perfection of the contract. Jhai wears 20" basketball shoes which will be manufactured specially for him. What contract is entered into by the parties? 2. JK and JR entered into a written contract which states that: "JK hereby transfers his laptop worth P20,000 to JR, for JR's cellphone worth P15,000 and cash of P5,000." 3. Regine and Clifford entered into a contract whereby Regine shall transfer ownership of his car worth P200,000.00 to the latter, and in lieu thereof, Clifford shall give to Regine P90,000.00 in cash and a diamond ring worth P110,000. The heading of the contract signed by the parties reads "Contract of Sale." 4. What contract is entered into when ownership is reserved to the vendor and shall not pass to the vendee until full payment of the purchase price? 5. It is a contract whereby the debtor assigns all of his properties to his creditors so that the latter may sell them and recover their claim out of the proceeds

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Human Resource Management Functions Applications And Skill Development

Authors: Robert N. Lussier, John R. Hendon

2nd Edition

1544324480, 978-1544324487

Students also viewed these Law questions