g1 enumeration Flashcards
1
Q
Give 3 Characteristics of Sale
A
Bilateral Contract
Onerous Transaction
Commutative
Consensual nature
Nominal Contract
Principal Contract
2
Q
Types of implied warranties
A
Warranty of Merchantability
Warranty of Fitness for a Particular Purpose
3
Q
Give 2 forms of sale
A
In writing
By word of mouth
Partly in Writing and Partly by Word of Mouth
Inferred from the Conduct of the Parties
4
Q
Give the 3 Legal Remedies in Warranty
A
Replacement
Refund
Repair
5
Q
Give the 2 parties in Pacto De Retro Sale
A
Vendor a retro
Vendee a retro
6
Q
Give the 3 Instances of Legal Redemption
A
Legal Redemption by Co-owners
Legal Redemption by adjoining owner of rural land
Legal Redemption by adjoining owner of urban land
