Good morning Tutor!

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

Analyze the following scenarios and answer the questions that follow.

1. S sold to B a specific necklace for P20,000. No term of credit was given, and the ring was not yet delivered.

a. What is the right of S? Justify your answer.

b. Suppose S transferred the ownership of the necklace to B, but there was an agreement that S shall continue to possess the thing as a depositary or bailee. Can B compel S to deliver the necklace to him? Why?

2. S sold 100 crates of apples to B and shipped them to a common carrier. The price of the sale is P20,000, P200 per crate. The term of the sale is COD. When the carrier reached the point of destination, S demanded payment from B, but B failed to pay.

a. Suppose he succeeded in selling the goods to C for P22,000. Is S entitled to the excess of P2,000? Explain your answer.

b. Assuming that the resale is only for P18,000, can S collect deficiency from B? Explain your answer.

c. Can S rescind the sale? Why?