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Please answer within an hour :( Six years ago, Choco, 17 years old, sold his one-hectare agricultural lot to Gatas for P200,000. Choco invested the

Please answer within an hour :(

Six years ago, Choco, 17 years old, sold his one-hectare agricultural lot to Gatas for P200,000. Choco invested the proceeds of the sale in a business which was successful at the start but had gone through difficult times as a result of the economic crisis. He thought of the agricultural lot that he sold to Gatas which has been enjoying bumper crops since Gatas bought it from him. Choco now approaches you to seek your help on whether it would still be possible to annul the sale of the agricultural lot to Gatas? What advice will you give to Choco?

Choices:

A. Neither Choco nor Gatas may annul the sale on the ground of Choco's incapacity.

B. Only Gatas may annul the sale on the ground of Choco's incapacity.

C. Both Choco and Gatas may annul the sale on the ground of Choco's incapacity.

D. Ony Choco may annul the sale on the ground of his incapacity.

In three of the following defective contracts, ratification cleanses the defects. Which is not susceptible of ratification?

Choices:

A. Sale of immovable or any interest therein orally entered into.

B. Sale of land thru an agent where the authority is orally given.

C. Contracts entered into by a person who has been given no authority.

D. Both parties are incapable of giving consent.

Sayong, an employee of CLTA & Co, sold his car for P100,000 to Boyong, whom he knew was only 17 years old. Sayong delivered the car to Boyong who immediately paid the amount of P100,000. Later, Sayong was transferred to another branch of his employer which was quite a distance from his residence. He wanted to get back the car from Boyong so that he will have something to use in going to and from his new office. Neither Boyong nor his guardian has registered the sale with the Land Transportation Office.

Choices:

A. Sayong can file an action to annul the sale he made to Boyong because he was mistaken in selling the car which he realized he badly needed.

B. The minority of Boyong has no effect on the validity of the contract since the parties entered into the contract of sale freely.

C. Sayong can ask the court to annul the sale because Boyong was a minor when the contract of sale was entered into and it has not yet been recorded with the Land Transportation Office.

D. Only Boyong, when he attains the age of majority, or his guardian, while Boyong is still a minor, can bring an action to annul the contract.

It transfers to the person who assumes the credit right with all the rights thereto appertaining, either against the debtor or against third persons, be they guarantors or possessors of mortgages.

Choices:

A. Negotiation.

B. Substitution.

C. Assignment.

D. Subrogation.

On March 25, 2018, Jalibee and MakDo entered into a written contract of lease whereby Jalibee as lessor leased the third floor of his building to MakDo, lessee. The contract provides, among other terms and conditions, the following: (a) the lessee shall give a rental deposit of two months amounting to P40,000; and pay an advance rental of one (1) month amounting to P20,000 upon the execution of the contract; (b) The lessor shall keep the leased premises in tenantable condition throughout the period of the lease which is from April 1, 2018 to March 31, 2020; (c) at the end of the lease period, the lessor shall return the rental deposit to the lessee less any amount of damage that may be caused on the leased premises by the lessee.

MakDo pursuant to the contract, both gave the rental deposit and advance rental to Jalibee upon the execution of the contract.

The contract between the parties is:

Choices:

A. Rescissible.

B. Valid and enforceable.

C. Unenforceable.

D. Voidable.

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