1. A contract of sale of a lot stipulates that the "payment of the full consideration basedon a survey shall be due and payable in 5 years from the execution of a formal deedof sale". Is this a conditional contract of sale? Support your answer.2. Fieldmen's Insurance issued, in favor of MYT, a common carrier, accident insurancepolicy. 50% of the premium was paid by the driver. The policy indicated that theCompany will indemnify the driver of the vehicle or his representatives upon his death.While the policy was in force, the taxicab driven by Carlito, met with an accident. Carlitodied. MYT and Carlito's parents filed a complaint against the company to collect theproceeds of the policy. Fieldmen's admitted the existence thereof, but pleaded lack ofcause of action on the part of the parents. Decide.3. Goldenrod offered to buy a mortgaged property owned by Barreto Realty to which itpaid an earnest money amounting to P1 million. It was agreed upon that Goldenrodwould pay the outstanding obligations of Barreto Realty with UCPB. However,Goldenrod did not pay UCPB because of the banks denial of its request for theextension to pay the obligation. Thereafter, Goldenrod, through its brocker, informedBarreto Realty that it could not go through with the purchase of the property and alsodemanded the refund of the earnest money it paid. In the absence of a specificstipulation, may the seller of real estate unilaterally rescind the contract and as aconsequence keep the earnest money to answer for damages in the event the salefails due to the fault of the prospective buyer? Who are the persons incapacitated togive consent? Support your answer.ntroot ueneobout to ovnire bunytended and he continued to

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A contract of sale of a lot stipulates that the "payment of the full consideration based on a survey shall be due and payable in 5 years from the execution of a formal deed of sale". Is this a conditional contract of sale? Support your answer.

A contract of sale of a lot stipulates that the "payment of the full consideration based on a survey shall be due and payable in 5 years from the execution of a formal deed of sale". Is this a conditional contract of sale? Support your answer.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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