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2. Jinkee (buyer) entered into a contract with Janet (seller) to buy the latter's house and lot in Forbes Park for a certain amount. It

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2. Jinkee (buyer) entered into a contract with Janet (seller) to buy the latter's house and lot in Forbes Park for a certain amount. It was agreed that Jinkee will make a down payment of one-half of the agreed price, and the balance will be paid in installments. After Jinkee made the down payment, Janet issued her a receipt and allowed her to occupy the said house and lot. Thereafter, Jinkee let her son Jimuel occupy the same, who then paid the real property tax on such property. Janet now denies that she has an agreement with Jinkee, saying that the money she received from Jinkee was for the payment of the latter's debt and not for the purchase of the said property. Janet also argued that, granting there is a contract to sell, the same is not valid because it was in writing. Following the advice of her lawyer, Jinkee caused the annotation of an adverse claim on the title of Janet. Questions: How would you decide on Janet's allegation (a) that there was no agreement and her receipt of money as payment of debt; and (b) that the contract is not valid because the same is not in writing, hence, has no legal basis. Always support your answer with a provision. (10 points)

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