5. On January 1, S orally sold to B a specific ring for P450.00. The parties agreed that S shall deliver the ring to B on January 5, while B will pay the price on January 7. * 1 punto a. The contract is perfected on January 5, when the ring is delivered by S to B. b. The contract is perfected on January 1, when the parties had a meeting of minds on the object and price. c. The contract is perfected on January 7, when the price is paid, since both parties would then have performed their obligation in the contract. d. There is no perfected contract because the sale was made orally