Answered step by step
Verified Expert Solution
Question
1 Approved Answer
John sold his 2nd-hand car to Marie for P200,000. They agreed that John will pay half of the purchase price, or P100,000, upon delivery of
John sold his 2nd-hand car to Marie for P200,000. They agreed that John will pay half of the purchase price, or P100,000, upon delivery of the said car to Marie, and the balance of P100,000 shall be paid in five (5) equal monthly installments of P20,000 each. The car was delivered to Marie, and she paid P100,000 to John. Shortly thereafter, the car was stolen from Maries garage without her fault and was never recovered. Is Marie still legally bound to pay John the unpaid balance of P100,000? Explain your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started