include article each number to support legal basis Exercises No. 1: Situational questions.Every answer must be supported with a legal basis. 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 Php1.5 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? Exercises No. 2: Situational questions.Every answer must be supported with a legal basis. 1. 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? 2. 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 B 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? 3. 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? 4. 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