PLEASE HELP TUTORS. THIS IS LAW ON OBLIGATIONS

1.(a) S offers to sell his specific car to B for P125,000 cash. B accepts the offer but is willing to pay only P120,000.00. Was the contract perfected? Explain.

(b) If there is an option money paid by the offeree, can the offeror draw the offer before the stipulated period to accept the offer? Explain.

2.If you will be asked to choose which of the following is not a requisite of the object of a contract, what will your answer be and cite reason/s for your answer: (a) it must be within the commerce of men; (b) if it is a right, it must be intransmissible; (c) it must not be contrary to law, morals, good customs, public order and public policy; (d) it must be determinate as to its kind or capable of being made determinate without the need of the parties entering into new agreement. Cite justification for your answer.

3.S and B orally entered into a contract whereby S sold his one-year production of eggs in his poultry farm to B for P100,000 which amount B immediately gave in cash to S. (a) Is the contract between S and B valid considering that the eggs are not yet in existence? Explain. (b) What would be the effect if the eggs are not produced? Explain.

4.Explain the following and then cite example: (1) accessory contract (b) nominate contract (c) principal contract (d) bilateral contract (e) gratuitous contract (f) onerous contract (g) consensual contract

5.Contracts take effect only between the contracting parties, their assigns and heirs, except in cases where the obligations and rights arising from the contract are not transmissible by their nature, or by stipulation or provision of law. (a) What is the principle of contract referred in the foregoing statement?