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D sold a second-hand car to E for P150,000.00. The agreement between D and E was that half of the purchase price, or P75,000.00, shall be paid upon delivery of the car to E and the balance of P75,000.00 shall be paid in ve equal monthly installments of P15,000.00 each. The car was delivered to E, and E paid the amount of P75,000.00 to D. Less than one month thereafter, the car was stolen from E's garage with no fault on E's part and was never recovered. ls E legally bound to pay the said unpaid balance of P75,000.00? Explain your answer. (4 ptS)