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5. X owes huge amount of money to several creditors, To make his property beyond the reach of his creditors, he executed a fictitious sale of his property. What kind of simulation of contract is this? What is the effect? 6. In what form may a contract appear? State the general rule and exceptions. 7. 8. G, guardian of M, sold the latter's parcel of land worth P100,000 for only P90,000. Is the contract rescissionxplain. 9. X orally sold his lot to Y for P500,000 and the latter gave an earnest money in the amount of P50,000 which the former acknowledged in a receipt. Later on, X refused to comply with the contract. Can Y enforce the contract against X? Explain