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A recently pledged a set of diamond ring, earrings and necklace to her friend for the hospital and medical expenses of their son amounting to
A recently pledged a set of diamond ring, earrings and necklace to her friend for the hospital and medical expenses of their son amounting to P170,000. A was made to sign an agreement that if she fails to pay her friend within three months, the ownership of the jewelry will be transferred to her friend. Was the written agreement executed by A and her friend legal and in accordance with laws?
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