Part I. Definitions

1. Define or give the meaning of the following:

a. Contract of Sale

b. Natural Elements

c. Sale by description

d. Fungible goods

e. Conditional Sale

II. Discussions

1. Give the characteristics of a contract of sale. Explain at least three (3) of them.

2. Under the law, what contract of sale must be in writing to be enforceable in court?

3. Give at least three (3) distinctions between a contract of sale and a contract of agency?

III. Problems - Explain or state briefly the rule or reason for your answer.

1. B, a minor, brought a pair of imported shoes worth P3,000.00 from department store. Can F, father of B, cancel the sale on the ground of the minority of B?

2. H and W are husband and wife. After selling his property to W, H borrowed a big amount of money from C. It appears that H is now bankrupt. Has C the right to question the sale of H's property to W in order to have said property answer for H's indebtedness to him?