Question
X entered into a contract of sale over 2 kilos of prohibited drugs (Shabu) from Mr. Y for a consideration (price) of PHP 2 million.
"X" entered into a contract of sale over 2 kilos of prohibited drugs (Shabu) from Mr. "Y" for a consideration (price) of PHP 2 million. Mr. "X" only able to pay 1 million cash. Before full payment, the govt. intensified its campaign against illegal drugs so Mr. "Y" has difficulty delivering the 2 kilos of shabu. Mr. Y however proposed that he will just deliver a luxury car to Mr. X amounting to PHP 2 million. What is the status of the contract to deliver a luxury car to Mr." X"?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
