Q1 Define the following:

1. Earnest Money, and

2. Document of Title to Goods

Q2 Give at least three (3) characteristics of a contract of sale Explain each.

Q3 What are the Essential Requisites of a Contract of Sale. Explain each.

Q4 Explain the legal principle that "SALE IS TITLE AND NOT A MODE"

Q5 Distinquish between a CONTRACT OF SALE and a CONTRACT TO SELL. Give an example."

Q6 Distinquish between a CONTRACT OF SALE and DACION EN PAGO. Give an example.

Q7 Ms. Yamaho agrees to sell a motorcycle to Mr. Isuzi for P100,000.00 in cash, and places the motorcycle aboard the truck of Mr. Isuzi, while the latter goes home to get the money. Before Mr. Isuzi returns, Ms. Toyote appears and claims ownership of the motorcycle, showing a document signed by Mrr. Isuzi selling the motorcycle to Ms.Toyote. Ms. Yamaho rejects "Ms. Toyote's" claim saying that she is itll the owner . Decide with reasons.