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Identification 1. It is an act by which one party parts with the title to and the possession of the property, and the other acquires

Identification

1. It is an act by which one party parts with the title to and the possession of the property, and the other acquires the right to and the possession of the same.

2. A seller sold to a buyer a specific parcel of land at a price of P1,000,000. The contract provides that the buyer will pay the seller P400,000 cash and deliver the buyer's car worth P600,000. The contract is?

3. It is a delivery by operation of law.

4. The parties use a symbol to represent the thing delivered.

5. This occurs when the would be buyer had already the possession of the object even before the contract of sale by virtue of another title which is not ownership.

6. The delivery is by mere consent or agreement of the contracting parties, where the seller points out to the buyer the object of sale without the need of actually delivering it.

7. The delivery consists in the owner's continuous possession of the property he had already sold to another person but his present possession is no longer that of an owner but another capacity, like that of a lease.

8. Is one who buys property of another without notice that some other person has a right to, or interest in, such property and pays a full and fair price for the same at the time of such purchase, or before he has notice of the claim or interest of some other person in the property.

9. It is any affirmation of fact or any promise by the seller relating to the thing if the natural tendency of such affirmation or promise is to induce the buyer to purchase the same, and if the buyer purchases the thing relying thereon.

10. As for actions based on breach of implied warranty, the prescriptive period for warranty against hidden defects is?

11. It shall take place whenever by a final judgment based on a right prior to the sale or an act imputable to the vendor, the vendee is deprived of the whole or of a part of the thing purchased.

12. When the buyer does any act in relation to the goods which is inconsistent with the ownership of the seller.

13. When the buyer intimates to the seller that he has accepted the goods.

14. The purpose of this action is to ask for a proportionate reduction of the price.

15. This refers to the implied warranty on the part of the seller that he has the right to sell the thing at the time when ownership is to pass, and that the buyer from that time shall have and enjoy legal and peaceful possession of the thing.

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