Question
1.Allan, an illegal settler, has been living in his house for 10 years. One sunny day, Alvin, a millionaire, chanced upon the neighborhood where Allan
1.Allan, an illegal settler, has been living in his house for 10 years. One sunny day, Alvin, a millionaire, chanced upon the neighborhood where Allan lives and instantly thought that the place is commercially profitable. Alvin offered to buy Allan's property for a hefty price but Allan refused. Gun carrying goons accompanied him when he returned to Allan. This time, Allan could not do anything but to sign the contract of sale. If Allan went to you for help as his friend, what would you advise him?
2.Jeffrey and Andri entered into an agreement wherein Andri will deliver the drugs Jeffrey is selling to a prospective buyer.Two (2) months have passed and yet the contract was not executed.Jeffrey has been harassing Andri to fulfill the agreement.What is the status of the agreement between Jeffrey and Andri.
3.Briefly discuss simulation of contract.
4.If you were the injured party in a voidable contract, what would you do to remedy the situation?
5.Distinguish void contracts from voidable contracts.
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