SALES Exam Questions and Answers
1. d Correct Answer: The following are the warranties of the person selling a negotiable document of title,
except Correct Answer:
A. Document is genuine
B. He has legal right to negotiate or transfer it
C. He has knowledge of no fact which would impair the validity or worth of the document
D. Has legal right to transfer the title to the instrument and that it is negotiable or fit for a particular
purpose
2. a Correct Answer: In case of breach of warranty agains eviction, the judgment is on a right prior to
the sale or an act imputable to the vendor.
A. True
B. False
3. a Correct Answer: Latin term for proportionate reduction of the price.
A. Accion Quanti Minoris
B. Prius Tempore Potior Jure
C. Culpa Contractual
D. Accion Aquiliana
4. d Correct Answer: The Recto Law is applicable
A. Sale of car on straight term
B. Sale of house on installment
C. Sale of car on installment where the buyer constituted a mortgage on his truck
D. In the foreclosure sale, should the vendee's failure to pay cover two or more installments.
5. Merchant
ability Correct Answer: Goods are reasonably fit for the general purpose for which they were
sold
6. d Correct Answer: Three of the following are elements of the vendor's right of stoppage in transitu.
Which is the exception?
A. The buyer must be insolvent
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,SALES Exam Questions and Answers
B. The goods must be in transit
C. The seller must be unpaid
D. The seller must be in possession of the goods
7. Aleatory Correct Answer: The opposite of a
commutative contract
8. b Correct Answer: In distinguishing Earnest Money from Option Money, Earnest Money is Correct
Answer:
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1. d Correct Answer: The following are the warranties of the person selling a negotiable document of title,
except Correct Answer:
A. Document is genuine
B. He has legal right to negotiate or transfer it
C. He has knowledge of no fact which would impair the validity or worth of the document
D. Has legal right to transfer the title to the instrument and that it is negotiable or fit for a particular
purpose
2. a Correct Answer: In case of breach of warranty agains eviction, the judgment is on a right prior to
the sale or an act imputable to the vendor.
A. True
B. False
3. a Correct Answer: Latin term for proportionate reduction of the price.
A. Accion Quanti Minoris
B. Prius Tempore Potior Jure
C. Culpa Contractual
D. Accion Aquiliana
4. d Correct Answer: The Recto Law is applicable
A. Sale of car on straight term
B. Sale of house on installment
C. Sale of car on installment where the buyer constituted a mortgage on his truck
D. In the foreclosure sale, should the vendee's failure to pay cover two or more installments.
5. Merchant
ability Correct Answer: Goods are reasonably fit for the general purpose for which they were
sold
6. d Correct Answer: Three of the following are elements of the vendor's right of stoppage in transitu.
Which is the exception?
A. The buyer must be insolvent
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,SALES Exam Questions and Answers
B. The goods must be in transit
C. The seller must be unpaid
D. The seller must be in possession of the goods
7. Aleatory Correct Answer: The opposite of a
commutative contract
8. b Correct Answer: In distinguishing Earnest Money from Option Money, Earnest Money is Correct
Answer:
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