1. A is contemplating the idea of selling his house for P2M. B tells A that he is buying it for P2M. Is there a perfected contract between A and B? Explain.

2. X offers to sell his cellphone to Y for P10,000 and gives Y three days to decide whether to buy or not. Can X withdraw the offer before the lapse of three days? Explain.

3. A is contemplating the idea of selling his house for P2M. B tells A that he is buying it for P2M. Is there a perfected contract between A and B? Explain.

4. X offers to sell his cellphone to Y for P10,000 and gives Y three days to decide whether to buy or not. Can X withdraw the offer before the lapse of three days? Explain.

5. M, 16 years old, sells his land for P120,000 when the value of the land is P100,000 thereby gaining a substantial amount from the sale. There are some who believes that the contract is valid because M benefited from it while others maintain that it is voidable. What is your stand? Explain.

6. X is migrating to the U.S.A and is selling his house for P1M. No one was interested in buying the house and X is running out of time. He decided to sell the house to W for only P700,000. Is the contract valid or rescissible? Explain

7. M, 16 years old, sells his land for P120,000 when the value of the land is P100,000 thereby gaining a substantial amount from the sale. There are some who believes that the contract is valid because M benefited from it while others maintain that it is voidable. What is your stand? Explain. ( 5points)

8. X is migrating to the U.S.A and is selling his house for P1M. No one was interested in buying the house and X is running out of time. He decided to sell the house to W for only P700,000. Is the contract valid or rescissible? Explain ( 5 points)