The contract of sale is a consensual contract. a. True b. False
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- If a seller enters into more than one contract with a specific customer, when should the contracts be combined and treated as a single contract?What is the proper accounting for a wholly unperformed contract?TRUE or FALSE. A distinct good or service can be described as Not interrelated with other goods or services in the contract (T/F) Highly dependent on another service in a contract (T/F) Can be used on its own or in combination with other goods or services (T/F)
- It’s a contract whereby a person binds himself to render some service or to do something in representation or on behalf of another, with the consent or authority of the latter. a. Contract of agency b. Contract of barter or exchange c. Contract for a piece of work d. None of the aboveAn antenuptial contract must be notarially executed to be valid between the contracting parties. True or false?T/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.
- 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 bA written contract takes priority over a prior oral agreement Ture or falseWhich of the following arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time? A receivable A contract asset A contract liability None of these choices
