nership was retained by S, thus, following the res perit domino rule, S should bear the k of loss. Is B correct. Give reason/s.
nership was retained by S, thus, following the res perit domino rule, S should bear the k of loss. Is B correct. Give reason/s.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Can someone help me answer this. And if applicable please cite articles under Law on Sales in The Philippines
![1. On July 1, 2021, S Furniture, sold to B tables and chairs for a price of P500,000 for the
latter's café and restaurant. B will pay 50% upon delivery and the balance will be paid on
June 30, 2022. The goods were delivered to B and the 50% down payment was made by
B, but the parties stīpulated that the ownership over the books does not pass to B, until
full payment of the price. The day before June 30, 2022, the restaurant of B was gutted
by fire together with the tables and chairs purchased from S. On June 30, 2022, S
demanded payment from B. B contends that he is no longer liable for the balance, because
ownership was retained by S, thus, following the res perit domino rule, S should bear the
risk of loss. Is B correct. Give reason/s.
2. A sold to B a parcel of land for P30,000. The sale is evidenced by a memorandum of
agreement of sale written in Cebuano dialect. One week later, A sold the same parcel of
land to C for P40,000 which was evidenced by a formal deed of sale. Upon buying the
property, C, who was aware of the first sale, immediately took possession of the land and
registered the deed of sale in her favor with the Register of Deeds. When informed of the
second sale, B subsequently registered an adverse claim to the property. To whom shall
the parcel of land belong? Give reason/s.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa7ab9796-4b50-4d7f-96c8-92b3c3cf8249%2F3471e780-8e5d-4391-ae44-4a75bca09928%2F8hgeest_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. On July 1, 2021, S Furniture, sold to B tables and chairs for a price of P500,000 for the
latter's café and restaurant. B will pay 50% upon delivery and the balance will be paid on
June 30, 2022. The goods were delivered to B and the 50% down payment was made by
B, but the parties stīpulated that the ownership over the books does not pass to B, until
full payment of the price. The day before June 30, 2022, the restaurant of B was gutted
by fire together with the tables and chairs purchased from S. On June 30, 2022, S
demanded payment from B. B contends that he is no longer liable for the balance, because
ownership was retained by S, thus, following the res perit domino rule, S should bear the
risk of loss. Is B correct. Give reason/s.
2. A sold to B a parcel of land for P30,000. The sale is evidenced by a memorandum of
agreement of sale written in Cebuano dialect. One week later, A sold the same parcel of
land to C for P40,000 which was evidenced by a formal deed of sale. Upon buying the
property, C, who was aware of the first sale, immediately took possession of the land and
registered the deed of sale in her favor with the Register of Deeds. When informed of the
second sale, B subsequently registered an adverse claim to the property. To whom shall
the parcel of land belong? Give reason/s.
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