Civil Law, 2012 Bar — Question 87

MULTIPLE CHOICE

Aligada orally offered to sell his two-hectare rice land to Balane for P10 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. Which statement is most accurate? A) If Aligada refuses to deliver the land on the agreed date despite payment by Balane, the latter may not successfully sue Aligada because the contract is oral. B) If Aligada refused to deliver the land, Balane 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.

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