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Erick offered to Allan his house and lot in Velarde Subdivision, Imus Cavite for 3 million pesos to which Allan agreed. However, after 2 weeks,

Erick offered to Allan his house and lot in Velarde Subdivision, Imus Cavite for 3 million pesos to which Allan agreed. However, after 2 weeks, Allan failed to pay Erick the said amount

QUESTION: Was there a contract formed between Erick and Allan? Explain briefly.

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