answer the following

Maricel sold and delivered to Ponpon a laptop for P25,000.00 on a "sale or return transaction giving Ponpon until January 15, 2021 within which to return the laptop. Unfortunately, on January 5, 2021 the laptop that was delivered to Ponpon was lost without his fault. Which of the following is a correct statement? ()Since the arrangement is "sale or return", the ownership is already transferred to Ponpon. Thus, he bears the risk of loss and therefore liable to pay. Maricel shall bear the loss because in a "sale or return" arrangement, the ownership remains to the seller. ). Although there is already transfer of ownership, Ponpon is not liable because the time to return is not yet expired and therefore there is no obligation on the part of Ponpon to pay. . Ponpon is not yet the owner at the time the object was transferred to him