Topic: Law on sales, agency, and credit transactions

Please answer the following questions. Thank you

Question 14

When the buyer is justified in refusing to accept the goods being delivered to him and has relayed such refusal to the seller, such refusal produces the following effects, except:

Group of answer choices

Buyer has no duty to return the goods unless stipulated.

Buyer is not obliged to pay the price.

Buyer automatically becomes a depositary of the goods.

Title to the goods does not pass to the buyer.

Question 15

D obtained an interest-bearing loan from BDO Bank amounting to 100,000. To secure the obligation, D mortgaged his building to BDO. As added requirement of the loan, a fire insurance on the building was also obtained by D with bdo as beneficiary. Before the due date of the loan, the building was razed by fire.

Group of answer choices

Both the loan and the mortgage security are extinguished.

The loan of D amounting to 100,000 is extinguished but the security remains.

Only the security for the obligation is extinguished.

The proceeds of the insurance policy will be the new security of the loan obligation which will subsist.