Question
In one of these cases there is no novation. Which is it? Where D is indebted to C in a promissory note for P200,000 and
In one of these cases there is no novation. Which is it?
Where D is indebted to C in a promissory note for P200,000 and another one is executed shortening the time of payment;
Where D is indebted to C in a promissory note forP200,000 and another one is executed extending the time of payment;
Where D is indebted to C and they agreed that T will substitute D in the payment of the debt;
Where D is indebted to C and C and T, a person, agreed that the former shall substitute D in the payment of the debt.
- S offered to sell his house and lot to B for P5,000,000 giving to him an option of 60 days within which to decide whether or not to buy. After only 15 days, S met T who offered to buy the same house and lot for P8,000,000. S then notified B of the withdrawal of the option and proceeded to sell to T. B files an action for damages against S.
Group of answer choices
Correct answer not indicated
B can recover damages from S if B gave S option money which will result in a perfected contract of sale.
B can recover damages from S because the latter violated the option given to the former.
B cannot recover damages from C because his option is without consideration as something paid or promised.
- it is a contract by virtue of the terms of which the parties thereto promise and obligate themselves to enter into another contract at a future time, upon the happening of certain events, or the fulfillment of certain conditions.
Contract of adhesion
Contract of option
Contract to sell
Contract of sale
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