Question 26 S, a minor, owns a specific property valued P50,000. B, capacitated, by means of fraud induced S to sell his property to him (B) for P10,000 which S did so. The contract is in writing. The contract is void The contract is rescissionecause the ward suffered lesion by more than 1/4 of the value. The contract remains unenforceable because it falls under the Statute of Fraud. The contract is binding from the start. . Previous Not sa P W 8 aceram is good for 3.0 hours ONLY Question 27 S makes an offer to B on January 1, 2009. B makes known his acceptance in a letter sent on January 2, and received by S on January 10. Meantime, on January 5, S becomes insane. The contract is unenforceable. The contract is not binding because there is no meeting of minds. There is already a meeting of minds, the contract is perfected. The contract is voidable because one party is insane. Previous Not sav P W acerQuestion 28 A and B are jointly and severally liable to C for P 20,000. A is a minor. C can collect P20,000 from B. C can collect P10,000 from A, that is the share of B. C can collect P20,000 because minority is not a defense C can collect P10,000 from B . PreviousQuestion 29 15 All are essential characteristics of contracts except O Relativity of contract Dok Obligatoriness of contract ams Autonomy of contract Uniformity of contract or equality of contracting parties PreviousQuestion 30 A obliged himself to deliver to B his cell phone or as a substitute he may deliver his cute kitten. After substitution was made, the former was lost due to A's fault O A is liable and must pay damages A will simply deliver his cute kitten plus damages for the loss of the cell phone The loss has no effect to the obligation; obligation to deliver the latter will subsist. Obligation was extinguished. . Previous X P W acer