Reference: Law on Obligations and Contracts (Philippines) Exercises: Situational questions. Every answer must be supported with a legal basis. (For example: Article #n says ..) 1. A owes B P500,000.00. It was agreed that the P200,000.00 has to be given to X as B is likewise indebted to him. Can X demand payment the P200,000.00 from A? 2. A offered for sale to B a particular car for Php2 Million. B accepted the offer but for Php1.5 Million only. Are the parties bound by their offer and acceptance? 3. A offered for sale to B a particular condominium unit in Sta. Mesa, Manila. Sensing that B still needs to inspect the unit, he gave B within five (5) days either to accept or reject the offer. After three (3) days, B communicated his acceptance of the offer to A which A turned it down considering that he changed his mind already and is no longer selling the unit. Is A bound by his offer? 4. A sent a letter to B offering for sale his particular house and lot in Bulacan. The following day, upon receipt of A's letter, B immediately drafted likewise a letter accepting the offer. Can A still withdraw from his offer? 5. A is so desperate to acquire the ownership of a tract of land owned by B. B would not concede whenever A offers to purchase it. Out of desperation, he poked a gun to 8 and asked him to sign a pre-form contract of sale pertaining to the said lot. Can B invalidate the contract? 6. A is the legal guardian of X, a minor. In his capacity as a guardian he sold the condominium unit of X worth 1million pesos for only P500,000.00. Discuss the status of the contract? 7. A obtained the services of B for the construction of his house in Bulacan. However, considering the financial predicament A is still facing, they agreed that will start its construction after one (1) year. What could be the rights and obligations of the parties in the event B refused to proceed with his obligation? 8. A forcibly secured the consent of B to sign the contract. Later, A wanted to invalidate the contract by reason that the consent ofB in signing the contract is vitiated. On the other hand, B, despite such fact, he wanted to pursue the contract. What is the best way to decide the situation? 9. A poked a gun to B since B does not want to sell his valued property to A and then uttered these words, "Pirmahan mo ang Deed of Sale na ito, kung hindi uubusin ko ang lahi mo!!!/ Sign the Deed of sale or else I will eradicate your race". What is the status of A and B's contract? 10. A is asking for the reformation of the instrument because he was allegedly deceived by B in agreeing that payment has to be made in 5 equal instalments only when in fact the payment should have been within a period of 12 months. Is this remedy correct