Kiko and Kikay verbally agreed to enter into a two-year contract of lease in 2020. A year later, Kiko was collecting rents from Kikay, who refused to pay since the contract of lease was not in writing. Is Kikay's argument correct? * CQ () Yes, the contract for more than a year should have been in writing under the Statute of Frauds. No, Statute of Frauds applies only to executory contracts and not those already fulfilled. Yes, the contract involving real properties should be in writing under the Statute of Frauds. () No, fairness dictates that Kikay should pay rent.Jaime deposited P1D.. thousand in X Bank and at the same time obtained a loan of Pll. However. Jaime simij-lur ignored the demand to pay when the loan matured. Hence the banlc ask your opinion whether compensation {setoff} could be done? 1' compensation applies by operation of law and need not be agreed upon compensation was not agreed upon in the loan as a mode of paying the loan compensation is improper because loan is separate from each other 0000 compensation is proper considering that in loan and in deposit, their relationship is both delcrtor and creditor Samantha promised to deliver a specific cat named "Chimini" to Diane on March 20, 2022. On due date, no cat was delivered by Samantha. Which of the following statements is not correct? * () If the cat died on March 20, 2022 without anyone's fault, Samantha shall be liable to Diane by reason of delay O Samantha shall bear the loss because of genun nunquan peruit O Diane shall bear the loss because of genus nunquam peruit Diane shall bear the loss6. Aiko, Bernadette and Charm executed a promissory note binding themselves to pay P27,000 to Xian, Yasmine and Zelot. The note is now due and demandable. Suppose Charm is insolvent, can Aiko and Bernadette be held liable for Charm's share in the obligation? * ) No, the debts are presumed to be distinct from one another () Yes, the debt shall be presumed to be divided into as many equal shares as there are debtors. Yes, but Aiko and Bernadette will be liable proportionately O No, only either Aiko or Bernadette but not both will be liable.T. Robie and Sara discussed the possibility of entering to a contract of lease over a condominium unit in BGC. Rooie paid P1.[l to Sara so she can enjoyr 10 days to decide whether or not to enter into the contract Can Sara withdraw the offer within the 1-day period? * [L] O No; the contract of lease has already been perfected. Cl Yes. provided that Sara will return the F'Il. O No; the P10100015 an option money. D Yes; the contact of lease is not yet perfected