Documente Academic
Documente Profesional
Documente Cultură
Sales - A
25 July 2013
Part II: Essay. Read the problem carefully. Do not assume facts which are not stated
in the problem. Make sure to discuss and support your answers with the relevant
provision of the law and/or jurisprudence. Disregard rule on Statute of Frauds whenever
applicable. Good luck!
I.
produces concrete blocks in its ordinary course of business) to supply the blocks. Based
on the Supply Agreement, Dynablocks is to supply the concrete blocks based on
MWFF'S speciiications and that the unit price per block is P10. MWFF Contractors
u.
On July 20,20L3, Atty. Sosa wrote SMPPI demanding the execution within five days of '
a deed of sale covering the propefties. SMPPI attempted to return the "earnest-deposit"
but Atty. Sosa refused on the ground that the option to purchase had already expired.
Rule on the matter with basis. (10 pts.)
ry.
Dang leased for five years a house and lot from Gina. Under the terms of their
agreement, Dang has an option to buy the house and lot should Gina decide to sell it
later on. At the time of the signing of the agreement, the house and lot had a market
value of P2 million. However, at towards the end of the lease, the house and lot now
had a fair market value of P3 million.
Gina decided to sell the house and lot to Dang and the latter exercised her option to
buy based on the option contract. However, Gina is insisting on the P3 million while
Dang is insisting on [he P2 million price. Since they could not agree, Dang sued Gina for
specific performance.
You are the judge. Decide with reasons. (10 pts.)
V.
Nina was scouting for a house and lot in Forbes Park. He chanced upon Denise who
was selling her property in Forbes. The agreed total price was 50,000,000'00'
p10,000,00.-0.00 wiil Ub piiA as downpayment, while the terms of the balance will be
propefi'
discussed later. Upon payment of the downpayment, Nina moved in to the
to the
as
terms
into
not
come
could
Denise
and
After a month of negotiaiions, Nina
on
Nina,
sale.
the
to
invalidate
couft
to
manner of payment o1tfle balance. Denise went
pay
balance.
the
to
period
which
within
the other hand, asked the court to fix the
You are the judge. Decide with reasons. (10 pts.)
END