Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Principles of Economics

Authors: Gregory Mankiw

7th edition

128516587X, 978-1285165875

Students also viewed these Law questions