Question
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.
a.Is the contract valid? Why?
b.Would your answer be the same if Nancy sold the condominium unit for P2 million?
c.Suppose the contract is rescissible and rescission can take place, how does it affect the parties?
d.If you were Candy and you learned of the sale that your guardian entered into, what would you do?
- What is the function of interpretation of contracts?
- What is controlling in the interpretation of contracts, the terms of the contract of the intention of the parties?
- What is a contract of adhesion?
- What is the rule in the interpretation of contracts where there are various stipulations of a contract?
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
Business Law Principles for Today's Commercial Environment
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
5th edition
1305575156, 978-1305887657, 1305887654, 978-1305575158
