Knowee
Questions
Features
Study Tools

Lino entered into a contract to sell with Ramon, undertaking to convey to the latter one of the five lots he owns, without specifying which lot it was, for the price of P1 million. Later, the parties could not agree which of five lots he owned Lino undertook to sell to Ramon. What is the standing of the contract?*a. Unenforceableb. Voidablec. Rescissibled. Void

Question

Lino entered into a contract to sell with Ramon, undertaking to convey to the latter one of the five lots he owns, without specifying which lot it was, for the price of P1 million. Later, the parties could not agree which of five lots he owned Lino undertook to sell to Ramon. What is the standing of the contract?*a. Unenforceableb. Voidablec. Rescissibled. Void

🧐 Not the exact question you are looking for?Go ask a question

Solution

The contract in this situation would be considered "d. Void". This is because, in order for a contract to be valid, it must contain certain essential elements, one of which is a clear and definite object or subject matter. In this case, since Lino did not specify which of his five lots he was selling to Ramon, the contract lacks a clear object and is therefore void.

Similar Questions

Because of the intimidation employed by X, a third person, S sold his car to B. This contract is:*a. Voidb. Voidablec. Unenforceabled. Rescissible

B called C by the telephone to guaranty the debt of D to C. The contract between B and C is:*a. Unenforceableb. Voidablec. Rescissibled. Annullable

Unenforceable contract is a defective contract.*1 pointTrueFalse

Which of the following is not a real contract?*1 pointDepositPledgeCommodatumContract of Sale

Justin went to court and contended that his automobile sales contract was unconscionable due to the high penalties for nonpayment. The court agreed with Justin that the penalties for nonpayment were unconscionable, but it found that all of the other material terms of the sale were proper. The court may choose to: Blank______.Multiple choice question.order the parties to negotiate a new automobile sales contractenforce the provisions of the contract that the court deems as being faironly enforce the entire contract because there was an agreement between the partiesenforce the contract in its entirety and warn the parties to beware of unconscionable clauses in the future

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.