Mister Kho and Misis Niya are good friends. One day, Mister Kho authorized Misis Niya to sell his Tondo Mansion strictly cash basis in the amount of Five Million Pesos (Php 5,000,000.00). Misis Niya was able to sell the property to Tata Lino for Ten Million Pesos (Php 10,000,000.00) but in ten (10) equal installments. A. What is a contract of agency? Who are the parties in a contract of agency? B. Is Mister Kho bound by the sale of Misis Niya of his Tondo Mansion to Tata Lino? Why or why not? Answer with reasons.

Bob Uy owes Kathy Ting the amount of One Thousand Pesos (Php 1,000.00) with Lucky Chan as guarantor. On the maturity of the loan, Bob Uy failed to pay. A. Can Kathy Ting compel Lucky Chan to pay? Why or why not? Answer with reasons. B. Distinguished Guaranty from Surety. Enumerate at least three (3) distinctions.

Kardu is a hardworking IT technician from a well-known tech firm. He saves 50% of his salary to Vendeto Banko Korp. May Vendeto Banko use Kardu's savings and lend it to the public? Why or why not? What is the nature of Kardu's contract with Vendeto Banko Korp? Explain fully with reasons

TRUE or FALSE. A bank saving deposit is a contract of deposit. Explain your answer with reasons