Read this case: ACE FOODS INC versus MICRO PACIFIC TECHNOLOGIES CO., LTD.; G.R. No. 200602; December 11, 2013.

answer the following questions based on the case that you read:

1. Who are the parties to this case and their respective businesses?

2. What was the demand of Micro Pacific to Ace Foods which led to the case?

3. What was the demand of Ace Foods Inc against Micro Pacific which ultimately led to the filing of the case?

4. From the decision of the Supreme Court, when is there a perfection of a contract of sale? Apply your answer to the given case.

5. Give at least three (3) characteristics of contract of sale that were discussed which are illustrated in the case. Explain how it is related in the case.

Characteristic of a contract of sale	Application to the case