Question
Kiko, a 18-year old LOL gamer, contracted his cousin Natoy, to look for someone to rent his gaming gadgets at a rate of P250.00 per
Kiko, a 18-year old LOL gamer, contracted his cousin Natoy, to look for someone to rent his gaming gadgets at a rate of P250.00 per day. As per their agreement, Natoy would get 20% of the total rent profits every week. In the process however, Z meets Klaud who became interested not just to rent but to buy the gaming gadgets of Kiko. At first, Natoy was hesitant but he finally gave in after he learned that Klaud is buying Kiko's gadgets at triple their original price value. Natoy got so much attracted and decided to sell Kiko's gadgets to Klaud hoping that Kiko would feel delighted about the selling price.
(A) How will you ponder the agreement between Kiko and Natoy, is that valid?Yes or no, and explain it briefly.
(B) How about the sale transaction between Natoy and Klaud over Kiko's gadgets, do you think that is null and void?Answer yes or no, and explain it briefly.
(C) Assuming for example that the contract of sale between Natoy and Klaud is faulty, is there any way in order to make it perfectly valid?Answer yes or no, and explain it briefly.
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