Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamic Business Law The Essentials

Authors: Nancy Kubasek, Neil Browne, Daniel Herron

2nd edition

978-0077630430, 77630432, 73524972, 978-0073524979

More Books

Students also viewed these Law questions

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago