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LAW ON OBLIGATIONS AND CONTRACTS Nancy, the guardian of candy when she was 15 years old, sold candy's P4 million worth of one-bedroom condominium unit

LAW ON OBLIGATIONS AND CONTRACTS

Nancy, the guardian of candy when she was 15 years old, sold candy's P4 million worth of one-bedroom condominium unit for P3,500,000 to Dante.

  1. Is the contract valid? Why?
  2. Would your answer be the same if nancy sold the condominium unit for 2M?
  3. Suppose the contract is rescissible and rescission can take place, how does it affect the parties?

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