Topic: Law on sales, agency, and credit transactions

Please answer the following questions. Thank you

Question 37

I. The sale of a thing having a potential existence is not effective if the thing does not come into existence.

II. The sale of hope or expectancy produces effects even if the thing hoped for does not come into existence.

Group of answer choices

Both statements are true.

Only Statement I is true.

Both statements are false.

Only Statement II is true.

Question 38

A real mortgage is binding between the parties:

Group of answer choices

Only if it was entered into in a public instrument.

Only if it was recorded in the Registry of Property.

Although it was entered into orally.

Only if it was entered into in writing, whether public or private.

Question 39

This law covers contracts of sale of personal property by installments (Act No. 4122). It is also applied to contracts purporting to be leases of personal property with option to buy, when the lessor has deprived the lessee of the possession or enjoyment of the thing.

Group of answer choices

Recto Law

Enrile Law

Maceda Law

Sarbanes-Oxley Law