1. A offered to sell his house and lot for P10M to B, who was interested in buying the same. In his letter to B, A stated that he was giving B a period of one month within which to raise the amount, and that as soon as B is ready, they will sign the deed of sale. One week before the expiration of the one-month period, A went to B, and told him that he is no longer willing to sell the property unless the price is increased to P15M. May B compel A to accept the P10M first offered, and execute the sale? GIVE Reason/s.

2. AsoldtoBland,whichatthetimeofsaledidnotbelongtoA.Isthesalevalid?GIVE REASON/S.

3. Your buyer bought a 200sqm subdivision lot at P3,000/sqm. He paid 25% down payment. The balance is payable in 120 amortizations at 21% per annum. He has paid 84 monthly amortizations totalling P737,612.20 inclusive of penalty interest of P32,000. Compute for him his Cash surrender Value under the Maceda Law.

4. S sold to B a car for P1M. The condition for the sale is for B to execute a chattel mortgage on the thing sold. The term of the sale is for B to pay a down payment of P200,00 and the balance to be paid on July 15, 2020. However, the balance was not paid by the buyer so S foreclosed the chattel mortgage on the thing sold. It was sold for P700,000. Can S recover the deficiency? Give reason/s?

5. S sold to B a car for P1M. The condition for the sale is for B to execute a chattel mortgage on the thing sold. The balance of 800,000 is payable in twenty equal installments. B defaulted on the succeeding installments. S sued B for the collection of the balance and the court rendered judgment in favor of S. S by execution of judgment sold the car for P700,000. Can S recover the deficiency? Give reason/s? 6. S sold to B a car for P1M. The condition for the sale is for B to execute a chattel mortgage on the thing sold. The balance of 800,000 is payable in twenty equal installments. B defaulted on his 2 or more installments so S foreclosed the mortgage and sold it for P700,000.

Can S recover the deficiency? Give reason/s?