Exercises: Situational questions. Every answer must be supported with a legal basis. SUBJECT: LAW ON OBLIGATION AND CONTRACTS 1. A owes B P500.000.00. It was agreed that the P200,000.00 has to be given to X as B is likewise indebted to him. Can X demand payment the P200,000.00 from A? 2. A offered for sale to B a particular car for Php2 Million. B accepted the offer but for Php 1.5 Million only. Are the parties bound by their offer and acceptance? 3. A offered for sale to B a particular condominium unit in Sta. Mesa, Manila. Sensing that B still needs to inspect the unit, he gave B within five (5) days either to accept or reject the offer. After three (3) days, B communicated his acceptance of the offer to A which A turned it down considering that he changed his mind already and is no longer selling the unit. Is A bound by his offer? 4. A sent a letter to B offering for sale his particular house and lot in Bulacan. The following day, upon receipt of A's letter, B immediately drafted likewise a letter accepting the offer. Can A still withdraw from his offer? 5. A is so desperate to acquire the ownership of a tract of land owned by B. B would not concede whenever A offers to purchase it. Out of desperation, he poked a gun to B and asked him to sign a pre-form contract of sale pertaining to the said lot. Can B invalidate the contract? 6. A is the legal guardian of X, a minor. In his capacity as a guardian he sold the condominium unit of X worth 1million pesos for only P500,000.00. Discuss the status of the contract? 7. A obtained the services of B for the construction of his house in Bulacan. However, considering the financial predicament A is still facing, they agreed that will start its construction after one (1) year. What could be the rights and obligations of the parties in the event B refused to proceed with his obligation? 8. A forcibly secured the consent of B to sign the contract. Later, A wanted to invalidate the contract by reason that the consent of B in signing the contract is vitiated. On the other hand, B, despite such fact, he wanted to pursue the contract. What is the best way to decide the situation? 9. A poked a gun to B since B does not want to sell his valued property to A and then uttered these words, "Pirmahan mo ang Deed of Sale na ito, kung hindi uubusin ko ang lahi mo!!!". What is the status of A and B's contract? 10. A is asking for the reformation of the instrument because he was allegedly deceived by B in agreeing that payment has to be made in 5 equal instalments only when in fact the payment should have been within a period of 12 months. Is this remedy correct