Question

Contract for sale is for ___.

A Sale of immovable property Correct Answer Incorrect Answer
B Sale of movable property. Correct Answer Incorrect Answer
C Sale of both movable and immovable property. Correct Answer Incorrect Answer
D Sale of mortgages property Correct Answer Incorrect Answer
E Sale of leased and mortgaged property. Correct Answer Incorrect Answer

Solution

S. 54 Contract for sale.— A contract for the sale of immoveable property is a contract that a sale of such property shall take place on terms settled between the parties. It does not, of itself, create any interest in or charge on such property.

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