.Mr. X orally offered to sell his two-hectare rice land to Mr. Y for ₱10 million. The offer was orally accepted. By agreement, the land was to be delivered (through execution of a notarized deed of sale) and the price was to be paid exactly one-month from their oral agreement.
A) If Mr. X refuses to deliver the land on the agreed date despite payment by Mr. Y, the latter may not successfully sue Mr. X because the contract is oral.
B) If Mr. X refuses to deliver the land, Mr. Y may successfully sue for fulfillment of the obligation even if he has not tendered payment of the purchase price.
C) The contract between the parties is rescissible.
D) The contract between the parties is subject to ratification by the parties.
Correct Answer:
Verified
Q9: .Mr. X lost heavily in a private
Q10: Mr. X, without the authority of Mr.
Q11: Mr. MO executed a real estate mortgage
Q12: Which of the following contracts are void?
A)An
Q13: Which of the following expresses a correct
Q15: Which of the contracts below are rescissible?
A)Those
Q16: Which of the following reflects a correct
Q17: Mr. S sold his land to Mr.
Q18: Mr. S sold a banana plantation to
Q19: A and B are capitalist partners, with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents