Contract of Sale or Lease

This topic has no further subtopics. Explore its practice questions below.

1. When drafting a sale under Article 1458, which core exchange should the operative clause express?
2. Under Article 1643, what does a lease of things principally grant in exchange for a price certain?
3. Which drafting choice helps satisfy the determinate-object requirement in a sale?
4. A draft sale of a particular laptop states that the price will be whatever the seller alone chooses later, with no othe…
5. The parties intend a one-year lease of a specified piece of equipment for fixed monthly rent. A draft says the owner pe…
6. Seller and buyer agree on a specified machine and price, with delivery on a later date. There has been no actual or con…
7. For a privately negotiated equipment lease, the parties agree on exclusive laboratory use and monthly rent payable on t…
8. Ana owns laptop serial number L-042. She and Ben agree to an absolute sale for PHP 40,000, paid in full on signing, wit…
9. Lessor Leo and lessee Mia agree to lease laboratory microscope serial number M-210 from July 1, 2026 through June 30, 2…
10. A draft equipment sale states both that the price will be fixed solely by the seller later and that ownership passes up…
11. In an ordinary equipment lease without a contrary repair stipulation, who bears the Article 1654 duty to make necessary…
12. A drafting clause describes the lessor’s obligation to deliver equipment fit for the intended use. Is that consistent w…