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Case Analysis

Business Laws and Regulations

1. Anton offered to sell his house to Bart who was interested in buying the same for P200,000.00. In his letter to Bart, Anton stated that he was giving Bart a period of one month within which to raise the amount and that as soon as Bart is ready, they will sign the Deed of Sale. One week before the expiration of the one-month period, Anton went to Bart and told him that he is no longer willing to sell the property unless the price is increased to P250,000.00. May Bart compel Anton to accept the P200,000.00 first offered, and execute the Deed of Sale?Reason

2. Footsmell Shoe Store, Inc. entered into a separate contracts with two rising movie stars, namely Anton and Bart. With Anton, the agreement was that the shoe store shall deliver at a specified date for the price of P10,000.00 a pair of Mikee Shoes which the store has been manufacturing for the general public but which at the time of the contract had already been sold out, and with Bart, the agreement was that the shoe store shall deliver at a specified date for a price of P20,000.00 a pair of shoes to be made specially for him, in accordance with a design submitted by him. What is the nature of these two contracts? Explain

3. Omar, owner of a copying machine leased it to Lisa at a rental of P4,000.00 a month for a period of one year with option on the part of Lisa to buy the copying machine at the end of one year for P80,000.00. to be paid by applying the rentals, so that Lisa needs only to pay P32,000.00.Lisa failed to pay the rentals for the 4th, 5th and 6th months so that Omar terminated the lease and repossessed the copying machine, then sued Lisa for the unpaid rentals of three months or P12,000.00.Is Omar's suit legally tenable?Explain.

4. Atty. Larry Gadon has barely passed the Bar Examination. This however did not deter him to venture into the private practice of law. To attract clients in his law office, he decided to purchase several law books so that he will have something to display in his library. He then purchased in an installment basis from Phoenix Publishing Company several law books including a complete set of Supreme Court Reports Annotated. As a result, Phoenix Publishing Company expressly reserve the ownership of the said books despite its actual delivery to Atty. Gadon. A day after the books were delivered, the building housing his office and library was gutted by fire, burning the books that were earlier delivered. On the due date, Phoenix Publishing Company demanded from Atty. Gadon the payment of his balance, however he refused to pay it since he then contended that he was not yet the owner of the books at the time it was delivered as the Publishing Company made reservation of ownership despite its delivery. Rule on the contention of Atty. Larry Gadon.