Answer the problems by citing the appropriate article/s.

1. S sold to B a tractor payable at P50,000 upon delivery and the balance of P70,000 within 60 days. B failed to take the delivery of the tractor and pay the purchase price. S was forced to sell the same to a third (310) person for only P100.000. Is B liable to S for the difference of P20,000? Why? (5 points) 2. S purchased a lot. When he tried to transfer the lot into his name, it was discovered that the owner sold it to T (another person). T. the new buyer, was able to register it first in his name. Who has a better right over the lot? (5 points) 3. Bong bought a land from Jun five (5) years ago. Bong admits that there is an annotated adverse claim of a certain Lino that he bought the land from the owner. However, the said annotation was already canceled. Lino is claiming that he owned the land since this was first sold to him. He further stated that he could recover the property since Bong had knowledge that it was sold to him through the annotation of adverse claim. Is Lino correct? Why or why not? (5 points) 1. S sold to B a tractor payable at P50,000 upon delivery and the balance of P70,000 within 60 days. B failed to take the delivery of the tractor and pay the purchase price. S was forced to sell the same to a third (310) person for only P100.000. Is B liable to S for the difference of P20,000? Why? (5 points) 2. S purchased a lot. When he tried to transfer the lot into his name, it was discovered that the owner sold it to T (another person). T. the new buyer, was able to register it first in his name. Who has a better right over the lot? (5 points) 3. Bong bought a land from Jun five (5) years ago. Bong admits that there is an annotated adverse claim of a certain Lino that he bought the land from the owner. However, the said annotation was already canceled. Lino is claiming that he owned the land since this was first sold to him. He further stated that he could recover the property since Bong had knowledge that it was sold to him through the annotation of adverse claim. Is Lino correct? Why or why not? (5 points)