RFBT Law on Sales Complete Answers

RFBT Law on Sales Complete Answers 1. **A, B, and C as brothers purchased specific portions of a parcel of land from their parents, as evidenced by three separate deeds of sale, each deed referring to a particular lot in meters and bounds. A sold his parcel of land to X, and B and C want to redeem it. Decide:** a. Both B and C may exercise the right of redemption in a pacto de retro sale. b. Either B or C may exercise the right of redemption given to them by X. c. B and C have the right of legal redemption. d. B and C have no right of legal redemption. ️ d. B and C have no right of legal redemption. 2. **Pedro sold his land to Petra. Later, Pedro sold the same land to Carlo. Petra then sold the same land to Dennis, who took possession of the land in good faith. Carlo, a purchaser in good faith, registered the sale of the land in his favor. Who is the owner of the land?** a. Carlo because he is the first registrant. b. Ownership of the land shall not be transferred as there is a double sale. c. Pedro shall be liable only for damages to Petra. d. Dennis, as his predecessor in interest, was the first buyer. e. None of the above. ️ a. Carlo because he is the first registrant. 3. **Which of the following statements is correct?** a. In a contract of sale, the full payment of the price is in the nature of a suspensive condition. b. The seller need not be the owner of the thing sold at the perfection of the sale. c. There may be a transfer of ownership over the thing even if the seller has not delivered the thing sold to the buyer. d. In a contract of sale, the buyer becomes the owner of the thing sold upon full payment of the purchase price. ️ b. The seller need not be the owner of the thing sold at the perfection of the sale. 1. Which of the following statements is not correct? a. Actual delivery of the thing or payment of the price is not required for the perfection of the sale b. A stipulation that even when the object is delivered to the buyer, ownership will not pass until the price is fully paid is not valid c. A sale is consummated upon delivery of the thing and the payment of the purchase price d. Sale through letter or telegrams are perfected only when acceptance by the buyer has been received by the seller. ️A stipulation that even when the object is delivered to the buyer, ownership will not pass until the price is fully paid is not valid. Antonio sold a piece of land to Renato binding himself not to sell the same to another person. On the following day, Antonio sold the land to Carlos who immediately took possession in good faith. In the case at bar, the proper remedy of Renato is to: a. institute an action for the annulment of the sale to Carlos; b. institute an action for the recovery of the land; c. institute an action for damages against Antonio; d. answer not given ️Institute an action for damages against Antonio B, in good faith, bought a diamond ring from a public auction. Later, M identified 1. the ring as the one she hadlost about a year ago in a theft incident. There is no question that M is the true owner. In this case - a. B should return the ring but is not entitled to reimbursement. b. B should return the ring but is entitled to reimbursement. c. B should not return the ring even if there is reimbursement