Answer the question based on what you have learned on alegal basis.Facts:You offered to sell your automobile to Wil for P100,000.00.After inspecting the automobile, Wil offered to buy it forP80,000.00. This offer was accepted by you. The next day,you offered to deliver the automobile, but Wil being short offunds, secured postponement of the delivery, promising topay the price “upon arrival of the steamer". The steamerhowever never arrived because it was wrecked by a typhoonand sank somewhere off the Coast of Samar.Question: Is there a perfected contract in this case? Why orwhy not?Answer:

A perfectly contract is a contract which is formed where there is a valid offer by the offeror and…

Answer the question based on what you have learned on a legal basis. Facts: You offered to sell your automobile to Wil for P100,000.00. After inspecting the automobile, Wil offered to buy it for P80 000 00 This offer was accepted by vou The next dav

Answer the question based on what you have learned on a legal basis. Facts: You offered to sell your automobile to Wil for P100,000.00. After inspecting the automobile, Wil offered to buy it for P80 000 00 This offer was accepted by vou The next dav

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter14: Property Transactions: Determination Of Gain Or Loss And Basis Considerations

Section: Chapter Questions

Problem 32P

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