Question Luis was in a pickle and is in need of money which led him to sell his grandson's collectible worth P500,000 for $350,000
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![Question
Luis was in a pickle and is in need of money
which led him to sell his grandson's
collectible worth $500,000 for $350,000
only. Luis grandson, Martin, found out. Does
Martin have the right to file for the rescission
of the contract?
Using the facts from the preceding situation
above, in place of Martin and his collectible,
Luis's son-in-law, Jerome has neither been
home for 3 years since he said he'd be on a
vacation nor was there any news or contact
from him and his car was left without any
word as to what to do with it. Luis decided to
sell Jerome's car. In what circumstance can
Jerome cancel the contract?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97bbf06a-8fbb-47ff-9d97-a4aaba13aa15%2Faa8b777f-f69b-4937-a030-9f830b975497%2F4zkkr1r_processed.jpeg&w=3840&q=75)
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