Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Topic: Law on sales, agency, and credit transactions Please answer the following questions. Thank you Question 46 Palmares ordered from Superstar Sportswear Company, a sportswear

Topic: Law on sales, agency, and credit transactions

Please answer the following questions. Thank you

Question 46

Palmares ordered from Superstar Sportswear Company, a sportswear manufacturer, 2 dozens of jackets and jogging pants styled and designed by Palmares for the use of his basketball team. This was not the type of sportswear normally manufactured by Superstar. The price agreed upon by the parties was 72,000.00. After the articles were manufactured, Palmares refused to accept them and claimed that he was not liable since the contract did not comply with the Statute of Frauds.

Group of answer choices

There was no contract at all because no writing was executed by the parties.

Palmares is liable although the contract was not in writing.

The contract is a contract to sell.

The contract is a contract of sale.

Question 47

A contract of sale is perfected upon the:

Group of answer choices

Meeting of the minds between the seller and the buyer on the object and the price.

Full payment of the purchase price by the buyer.

Acknowledgment of the deed of sale by the seller and the buyer before a notary public.

Delivery of the object of the contract to the buyer.

Question 48

I. A debtor who has paid his creditor before he learns of the assignment of his debt shall be released from his liability to the assignee.

II. The debtor's consent is required for the validity of the assignment of the credit made by his creditor to another person.

Group of answer choices

Both statements are false.

Only Statement I is true.

Only Statement II is true.

Both statements are true.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Environment Of Business Online Commerce Ethics And Global Issues

Authors: Henry R. Cheeseman

8th Edition

013397331X, 978-0133973310

More Books

Students also viewed these Law questions