Philippine Bar review · Topic
Earnest Money
Explore Earnest Money in Nature and Form for the Philippine Bar. Browse subtopics and published practice questions, then take a quiz or answer flashcards.
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Practice questions
- Under Article 1482, earnest money given in a contract of sale is considered what?
- Does writing 'earnest money' on a receipt conclusively prove a contract of sale regardless of the actual arrangement?
- In a contract of sale to which Article 1482 applies, is earnest money ordinarily separate from the purchase price?
- A perfected sale fixes the price at P600,000, and the buyer pays P60,000 as earnest money under Article 1482. No other …
- A receipt uses 'earnest money,' but the established agreement is a contract to sell with transfer dependent on a future…
- The parties' established arrangement reserves the seller's agreement to transfer ownership until the buyer performs spe…
- A perfected sale involves earnest money credited to the price, but the identified movable remains entirely under the se…
- State Article 1482's effects and explain why Chavez requires care before applying them to a payment simply labeled earn…
- Distinguish earnest money under Article 1482 from consideration for an option, focusing on the function of the payment …
- Explain why payment, perfection of a sale and transfer of ownership are separate questions even when genuine earnest mo…
- Does 1482 itself give either party an automatic right to withdraw from a perfected sale merely by sacrificing earnest m…
- Does the label earnest money itself establish an enforceable forfeiture clause?