A borrowed from B a bicycle. B told Ato use the bike as long as he needs it. B now needs the bike and is demanding its return from A. A argues that they agreed that he shall use the bicycle as long as he needs it and refuses to return it because he still needs it. Is A's argument correct? Give your reasons and legal basis. A borrowed an amount of P 2,000,000.00 from B. A used as a security by way of Real Mortgage his lot in Baguio City wherein they agreed that in case of default of A, B will now be the owner of the lot as payment for the loan. Is their agreement valid? Give your reasons and legal basis. A borrowed P 1,000,000.00 from B. A however does not have any money but he has a lot and a building earning rental income of P 50,000.00/month. What is the most suitable and favorable contract for A that he can enter into B to secure the loan? Give your reasons and legal basis. A borrowed P 1,500,000.00 from B. B wanting to secure the debt was aware that A owns a house and lot in Baguio City. A agreed to use the house and lot as security of the loan by way of pledge. Is the contract of pledge valid? Give your reasons and legal basis