Zayon purchased an iPhone 13 Pro Max from the store owned by Moran, located at the 2nd
Question:
Zayon purchased an iPhone 13 Pro Max from the store owned by Moran, located at the 2nd Floor of SM Megamall. Zayon paid P60,000 and thereafter received the iPhone 13 Pro Max. However, at the time of the sale, Moran was not authorized to sell his stocks of iPhone products, which were owned by Donkick, because the latter has already promised to sell said stocks to his friend Traey. Was there a transfer of ownership to Zayon? Explain.
2. Hinagees was hired by Centerton to be his agent. Their agreement is that Hinagees will sell the piece of land owned by Centerton. However, instead of looking for potential buyers, Hinagees decided to purchase the property for himself. Hinagees deposited to the bank account of Centerton the amount equivalent to the asking price, then demanded Centerton to transfer the title to the piece of land to his name. What is the status of the sale? What act, if any, may change the status of this sale? Explain.
3. You purchased a piece of land from Bogart for the amount of P1M. The contract of sale was executed in a public instrument. The contract provided that the land title will not be transferred to your name until you have fully paid the purchase price. Is the agreement a contract to sell or a contract of sale?
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor