1.C sold to D land, which at the time of sale did not belong to C. Is the sale valid? GIVE REASON/S.

2.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.