include articles number as a legal basis. Thank you po! 1. What is the so-called "liberty of contracts". Is it absolute? Why? 2. What is the principle of mutuality of contracts? What is its basic purpose? 3. Lana and Lina entered into a contract for the purchase of the house and lot on installment basis. The Contract of the parties provided that in the event Lana fails to pay any portion of the the purchase price of the property or the interest thereon as they fall due or otherwise fails to comply with the provisions of the contract, Lina shall have the absolute discretion to rescind and cancel the contract and declare it null and void and all payments made shall be forfeited in favor of Lina as rentals for the use and occupancy of the property. Lana failed to pay and comply with the terms of the contract. Which shall apply, the terms of the Contract, or the provisions of RA No. 6552 or otherwise known as "An act to protect buyers of real estate on installments"? Why? Explain with legal basis. 4. State the general rule with respect to effectivity of contracts. What are the exceptions, if any? 5. Hunter and Oliver entered into a contract whereby Hunter, a public officer, would resign before his term expires and Oliver would replace him and continue his term. The contract was for a consideration. Is the contract binding between the parties? Why? Explain your answer with legal basis. 6. Zyra and Ana entered into a contract whereby Ana's services were engaged for the purpose of constructing a building on the lot belonging to Zyra. Yna, a friend of Ana, went to see Zyra and told Zyra that Ana is well-known for her failure to finish her contracts within the period agreed upon, prompting Zyra to cancel her contract with Ana and awarded the same to Yna. Can Yna be held liable for damages? Why? Explain your answer with legal basis. 7. What is an stipulation pour autri. What is controlling in such stipulation? 5 points 8. How are contracts perfected? 5 points 9. If there is an offer and there is an acceptance with conditions, is there a perfected contract? Why? Give your legal basis. 5 points 10. Kara owns a house and lot. She sent letter to Yna and offered it for sale. Two days after receipt, Yna sent a letter to Kara accepting the offer. But when the letter of acceptance reached Kara's residence, she was already dead. Was there a meeting of the minds? Why?Explain with legal basis. 5 points