Question: Exercises: Situational questions. Every answer must be supported with a legal basis. 1. A owes B P500,000.00. It was agreed that the P200,000.00 has to

Exercises: Situational questions. Every answer must be supported with a legal basis. 1. A owes B P500,000.00. It was agreed that the P200,000.00 has to be given to X as B is likewise indebted to him. Can X demand payment the P200,000.00 from A? 2. A offered for sale to B a particular car for Php2 Million. B accepted the offer but for Php1.5 Million only. Are the parties bound by their offer and acceptance? 3. A offered for sale to B a particular condominium unit in Sta. Mesa, Manila. Sensing that B still needs to inspect the unit, he gave B within five (5) days either to accept or reject the offer. After three (3) days, B communicated his acceptance of the offer to A which A turned it down considering that he changed his mind already and is no longer selling the unit. Is A bound by his offer? 4. A sent a letter to B offering for sale his particular house and lot in Bulacan. The following day, upon receipt of A's letter, B immediately drafted likewise a letter accepting the offer. Can A still withdraw from his offer? 5. A is so desperate to acquire the ownership of a tract of land owned by B. B would not concede whenever A offers to purchase it. Out of desperation, he poked a gun to 8 and asked him to sign a pre-form contract of sale pertaining to the said lot. Can B invalidate the contract? (10 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Crawford Labs has increased its profitability dramatically by using models to allocate its sales force among the company's major drugs. To guide that effort, a nonlinear sales-response curve is...

Reference: Law on Obligations and Contracts (Philippines) Exercises: Situational questions. Every answer must be supported with a legal basis. 1. A owes B P500,000.00. It was agreed that the...

Reference: Law on Obligations and Contracts (Philippines) Exercises: Situational questions. Every answer must be supported with a legal basis. (For example: Article #n says) 1. A owes B P500,000.00....

Exercises: Situational questions. Every answer must be supported with a legal basis. SUBJECT: LAW ON OBLIGATION AND CONTRACTS 1. A owes B P500.000.00. It was agreed that the P200,000.00 has to be...

Reference: Law on Obligations and Contracts (Philippines) Exercises: Situational questions. Every answer must be supported with a legal basis. (For example: Article #n says ..) 1. A owes B...

Exercises: Situational questions. Every answer must be supported with a legal basis. SUBJECT: LAW ON OBLIGATION AND CONTRACTS 1. A owes B P500.000.00. It was agreed that the P200,000.00 has to be...

Exercises: Situational questions. Every answer must be supported with a legal basis.1. A is the legal guardian of X, a minor. In his capacity as a guardian he sold the condominium unit of X worth...

include article each number to support legal basis Exercises No. 1: Situational questions.Every answer must be supported with a legal basis. 1. A owes B P500,000.00.It was agreed that the P200,000.00...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

1. Was VAAF contractually obligated to pay Chad for refraining from smoking? 2. Was there consideration to support its promise to pay $500? 3. Are there other facts you need to know to make that...

GRADUATE CERTIFICATE IN PROJECT MANAGEMENT PROJ5010: PROJECT PROCUREMENT AND STRATEGIC SOURCING. CASE STUDIES CONTENTS 1. Proj5010: The World Bank RFP Case Study covers 1. Assignment 1: Marks = 5 2....

Read and analyze a case study Capstone. 1. Identify the problem/issue: 2. Alternative solutions: Choose 2 3 alternative solutions that you feel will solve the problem and evaluate their ability to...

Let the number of phone calls received by a switchboard during a 5-minute interval be a random variable X with probability function (a) Determine the probability that X equals 0, 1, 2, 3, 4, 5, and...

3. You use the constant to include the Exclamation icon in a message box. a. MessageBox.Exclamation b. MessageBox.IconExclamation c. MessageBoxIcon.Exclamation d. MessageBox.WarningIcon

Accounting 2. Consider the following narrative describing the process of going to class: Page 63 Larry awoke to his alarm clock buzz. He

Write the instantaneous form of the following phasors: b. B, = 5je720" 2 (3+j4) x c. C, = 10j e Jk: 2 +j5 ekz+al4y

. The electric field phasor of an EM wave in free space is E, = 10 e74 x V/m. Find (a) o such that E, satisfies Maxwell's equations, (b) the corresponding magnetic H, field %3D

Chapter 1 Sarah works in a small local company. She owns a small apartment on the third floor and has several goods in her apartment (clothes, computer, tablet, smartphone, TV set, etc.) worth...

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.

The official stamp rule: We tend to have more confidence in information that is exempt from the Freedom of Information Act than if the same information was made readily available.