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On march 1, 2002, Silvino offered to sell his only car for P100,000 cash to Bonito who was interested in buying the same. Silvino told
On march 1, 2002, Silvino offered to sell his only car for P100,000 cash to Bonito who was interested in buying the same. Silvino told Bonito that he was giving him up to March 31, 2002 to decide whether to buy the car or not. Bonito agreed to the option and gave Silvino option money of P1,000. On March 20, 2002, Silvino found another buyer who was willing to pay P120,000 in cash. Silvino personally visited Bonito to inform him that he was withdrawing his offer unless Bonito agreed to buy the car for P120,000. a. May Silvino withdraw his offer to Bonito before March 31, 2002? Why? b. Assuming that on March 15, 2002, Bonito decided to buy the car and informed Silvino of his decision, how much must Bonito pay Silvino? Why
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