X is indebted to Y in the amount of P25,000.00. In order to escape payment of his debt to Y he sold his only passenger jeepney to his brother-in-law Z. State whether the contract is absolute or relative simulation. Why? Subject : ME LAWS
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X is indebted to Y in the amount of P25,000.00. In order to escape
payment of his debt to Y he sold his only passenger jeepney to his
brother-in-law Z. State whether the contract is absolute or relative
simulation. Why?
Subject : ME LAWS
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- Determine what kind of defective contracts (A. Rescissible, B. Voidable, C. Unenforceable , D. Void or Inexistent) are the following: 1. Contract of sale of “shabu”. 2. Contract to manipulate the result of the election through hacking. 3. Contract of sale between husband and wife. 4. A simulated real estate mortgage. 5. A contract whereby X agreed to be the mistress of Y for P30,000.00 monthly allowance. 6. A contract whereby the debtor agreed to work for the creditor for free as long as the debtor has not paid his debt. 7. A lease contract where it is stipulated that the lessor can forcibly evict the lessee for non-payment of rent. 8. A contract of sale of the seller’s future inheritance from his parents. 9. A contract whose cause or object did not exist at the time of the transaction. 10. A contract of sale of a slightly used human brain. 11. A contract of barter or exchange of a human heart for a human liver. 12. A contract whereby the City of Baguio donated Bakakeng Road to…Mr. Tom promises to find a job for Mr. Martin in a public company. Mr. Martin promises to pay 1000 OMR in return of this favour. Question a. Is this a valid contract? b. Is this agreement enforceable by law? Explain why or why not?-G, guardian of M, sold the latter’s parcel of land worth P100,000 for only P90,000. Is the contract rescissible? Explain. -X orally sold his lot to Y for P500,000 and the latter gave an earnest money in the amount of P50,000 which the former acknowledged in a receipt. Later on, X refused to comply with the contract. Can Y enforce the contract against X? Explain.
- Can someone help me to find the correct answer and explain it in detail? Thank you X sold his motor vehicle to V who bought it for P200,000. It turned out however, that X has 2 motor vehicles: Toyota valued at P230,000 and Lancer valued at P220,000. Which is correct? A. There is no contract of sale between X and V B. The parties may ask for interpretation or reformation C. The parties can ask for annulment of the contract D. V may choose between the Toyota or Lancer1.] A entered into a verbal agreement with B whereby A will pay B 1 Million Pesos if the latter will burn the house of X. B succeeded in burning the house of X. Q1. Is there a contract between and B? Explain your answer. Q2. When B subsequently demanded payment from A, the latter refused to pay. Can B bring an action against A for non-fulfillment of his contractual obligation?6. Intention to create legal relations are presumed in which of the following relationships. In the statements below Select TRUE or FALSE. True False Husband paying £30 per week for wife's upkeep with a verbal agreement Work colleagues who are part of a lottery syndicate Parties to a commercial contract Friends who are going to meet for a dinner date
- 3. Jose obtained a loan from Pedro amounting to PhP1 Million. As a security, Jose mortgaged his land (with a fair market value of PhP700,000.00) to Pedro. Subsequently, Jose sold the land to Mario. What is the effect of the sale of the land to the obligation of Jose to Pedro? Assuming Jose could not pay his obligation, what are the remedies of Pedro? Explain your answer.Julie and Suresh conclude an agreement in terms of which they agree that Julie will pay Suresh the amount of R50 000 to murder her husband, Alex. This contract is not valid and enforceable. Explain why not.Mr Tony Stark forced Dr. Strange to sign a contract of sale. Dr. Strange signed the contract against his will. Is the contract valid? Explain.
- 63 Rau obtains a loan from Security Funds and signs a note for the amount payable to the lender. Security Funds indorses the note and sells it to Tomas. With the intent to cancel Rau’s obligation on the note, Tomas writes “Paid” across its face. This discharges the liability of a. no one. b. Rau only. c. Security Funds only. d. Rau and Security FundsFor each of the following scenarios, answer these two questions: 1. Ďoes the contract fall under the provisions of the Australian Consumer Law (ACL)? (Answer 'yes' or 'no') 2. With reference to the ACL, explain why you said yes or no. a) Peach purchases a large silver and glass display cabinet for $32,00 for her clothing and jewellery shop. b) Maddy buys a second-hand BMW from her professor, Zoe, for $10,000. c) A large furniture company pays $9,000 for precious walnut timber to build a cupboard. d) Brittany buys herself a brand-new Corvette for her 21st birthday for $120,000. e) Oliver makes the winning bid of $5,000 for a set of golf clubs at a traditional auction.D is indebted to C for P10,000. For the purpose of defrauding C, D sold his only parcel of land to X valued P10,000. X has no knowledge of the intention of D. a. The contract D and X is binding. b. The contract is voidable because S is in bad faith. c. The right of C is to rescind the contract because the transaction is fraudulent. d. The contract between D and X is rescissible.