seller agrees or obliges
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A: 1.
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Q: contract purporting to
A: Statement I: In case of doubt, a contract purporting to be a sale with right of repurchase is…
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True or false
1. In a contract to sell what the seller agrees or obliges himself to do is to fulfill his promise to sell the subject property when the entire amount of the purchase price is delivered to him.
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- Determine whether the statement is legally correct (true) or not (false). 1. The sale of an undivided interest in a property and the sale of an undivided share in a mass are not perfected contracts of sale. 2. For auction sales, the seller may bid for as long as the right is reserved, without need for notice.38. In which of the following contracts may full payment of the price become the operative act that transfers ownership from the seller to the buyer? Group of answer choices Contract of sale Contract to sell Either a or b Neither a nor bDetermine whether the statement is legally correct (true) or not (false). 1. Conditions, interest, penalty, time or place of payment are examples of natural elements in a contract of sale. 2. Where necessaries are those sold and delivered to a minor or other person without capacity to act, he must pay a reasonable price therefor.
- When a buyer who bought an undivided interest in a thing, he becomes a co-owner of the thing a. True b. False c. Partly true d. Partly falseWhen assets are purchased under an installment sales contract, the seller becomes the creditor. A. True B. FalseT/F 1.Sale is a mode that gives rise to a title 2. Nominate which means that it has been given a particular name by law. A certain set of provisions will be applicable In trying to construe issues related to the contract.
- Statement I: In case of doubt, a contract purporting to be a sale with right of repurchase is construed as an assignment of rights. Statement II: The creditors of the vendor cannot make use of the right of redemption against the vendee until after exhausting the property of the vendor. Only Statement I is true. Only Statement II is true. Both statements are true. Both statements are false.A put gives the owner the right Select one: a. But not the obligation to sell an asset at a given price b. And the obligation to buy an asset at a given price c. But not the obligation to buy an asset at a given price d. And the obligation to sell an asset at a given priceA contract to sell is the same as a conditional contract of sale. Do you agree? Explain your answer.
- Determine whether the statement is legally correct (true) or not (false). 1. An offer is subject to the complete will of the offeror and may be withdrawn or destroyed prior to its acceptance. 2. Actual delivery and payment is needed to establish existence of valid contract of sale.which one is correct please confirm? Q4: Options are contracts that give the purchasers the option to buy or sell an underlying asset the obligation to buy or sell an underlying asset. the right to hold an underlying asset. the right to switch payment streams.1. In a sale and leaseback transaction, what is used by the buyer-lessor to depreciate the cost of the leased asset? A. Lease term B. Total Useful life C. Excess of useful life over the lease term D. Remaining useful life 2. Which of the following scenarios regarding a sale and leaseback transaction would result to a loss to the seller-lessee? A. Fair Value < Carrying Amount B. Sale Price < Fair Value C.Sale Price > Fair Value D.Fair Value > Carrying Amount 3. When does a buyer-lessor recognize a financial asset from a sale and leaseback transaction? A. Sale Price > Fair Value B. Fair Value < Carrying Amount C. Sale Price < Fair Value D. Fair Value > Carrying Amount
