Question
Answer the folowing questions with a legal basis: 4. Friz and Chrome are good friends and are both students from the University of the Cordilleras.
Answer the folowing questions with a legal basis:
4. Friz and Chrome are good friends and are both students from the University of the Cordilleras. Friz and Chrome entered into a contract of sale wherein Friz sold her laptop to Chrome so that the latter may use it for the University's online class. Since the laptop was so important to Friz, she and Chrome agreed that she would have the right to buy the laptop back from Chrome after 1 year. Chrome then used the laptop for 2 months and decided to sell it to another person named Catya without telling Friz. After a year, Friz comes to Chrome to buy back the laptop only to find out that he had already sold it to another friend , Catya. Friz then tries to buy back the laptop form Catya but the latter argues that she cannot buy back the laptop anymore since there was no agreement between Chrome and Catya that the laptop could be bought back. Can Friz still buy back the laptop?
5. Jackie, a sixteen year old girl, inherited a townhouse. Because she wanted to study in an exclusive school, she sold her townhouse by signing a Deed of Sale and turning over possession of the same to the buyer. When the buyer discovered she was still a minor, she promised to execute another Deed of Sale when she turns 18. When Jackie turned 25 and was already working, she wanted to annul the sale and return the buyer's money to recover her townhouse. Was the sale contract void, voidable or valid?
6. Illustrate the concept of :
a. Negotiable Document of title
b. bearer document of title
c. order document of title
d. the manner by which these documents of title are negotiated
by making your own example. You can integrate all of these concepts into one entire scenario or example.
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