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 thelatter's café and restaurant. B will pay 50% upon delivery and the balance will be paid onJune 30, 2022. The goods were delivered to B and the 50% down payment was made byB, but the parties stīpulated that the ownership over the books does not pass to B, untilfull payment of the price. The day before June 30, 2022, the restaurant of B was guttedby fire together with the tables and chairs purchased from S. On June 30, 2022, Sdemanded payment from B. B contends that he is no longer liable for the balance, becauseownership was retained by S, thus, following the res perit domino rule, S should bear therisk 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 ofagreement of sale written in Cebuano dialect. One week later, A sold the same parcel ofland to C for P40,000 which was evidenced by a formal deed of sale. Upon buying theproperty, C, who was aware of the first sale, immediately took possession of the land andregistered the deed of sale in her favor with the Register of Deeds. When informed of thesecond sale, B subsequently registered an adverse claim to the property. To whom shallthe parcel of land belong? Give reason/s.

Ans 1=We will proceed to ascertain whether the buyer (B Tables) is the one who'll have to bear the…

Answered: nership was retained by S, thus,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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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.