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1. Rolando orally sold his farmland to Armando for P1,000,000.00. After spending all the money, Rolando filed an ejectment suit (lawsuit) against Armando to recover

1. Rolando orally sold his farmland to Armando for P1,000,000.00. After spending all the money, Rolando filed an ejectment suit (lawsuit) against Armando to recover the land. Will the ejectment suit prosper? Why or why not?

2. Andy loaned P20,000.00 from Benny. Terrence orally promised to assume the obligation of Andy. What is the status of the contract?

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