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need help and explanation Statement 1: A contract of sale is consensual because both the contracting parties are bound to fulfill correlative obligations towards each
need help and explanation
Statement 1: A contract of sale is consensual because both the contracting parties are bound to fulfill correlative obligations towards each other. Statement 2: The seller obligates himself to deliver something to another in exchange for a price. a. Only the first statement is true b. Only the second statement is true c. Both statements are true d. Neither of the statements is true Statement 1: The parties must have legal capacity to give consent and to obligate themselves. Statement 2: A contract of sale is onerous because the thing sold is conveyed in consideration of the price and the vice versa. a. Only the first statement is true b. Only the second statement is true c. Both statements are true d. Neither of the statements is true Statement 1: The contract to sell is a unilateral contract. Statement 2: Meeting of the minds refers to the consent on the part of the seller to transfer and deliver and on the part of the buyer to pay. a. Only the first statement is true b. Only the second statement is true c. Both statements are true d. Neither of the statements is trueStatement 1: Consideration may be in the form of check or a promissory note. Statement 2: The acceptance of payment by a party is an indication of his consent to a contract of sale. a. Only the first statement is true b. Only the second statement is true C. Both statements are true d. Neither of the statements is true Statement 1: The price must be real, not fictitious; otherwise, the sale is void. Statement 2: A contract of sale is still valid even though the same is without cause or consideration a. Only the first statement is true b. Only the second statement is true c. Both statements are true d. Neither of the statements is trueStep by Step Solution
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