Mr. Anthony orally agreed to sell his refrigerator for P10,000 to Ms. Johnson who made a partial payment of P4,000. Later, Mr. Anthony denied there was such a sale. Can Ms. Johnson enforce the sale considering that the contract was oral and the price was more than P 500? Explain.
Mr. Anthony orally agreed to sell his refrigerator for P10,000 to Ms. Johnson who made a partial payment of P4,000. Later, Mr. Anthony denied there was such a sale. Can Ms. Johnson enforce the sale considering that the contract was oral and the price was more than P 500? Explain.
Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges
Section: Chapter Questions
Problem 47P
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Question
Mr. Anthony orally agreed to sell his refrigerator for P10,000 to Ms. Johnson who made a partial payment of P4,000. Later, Mr. Anthony denied there was such a sale. Can Ms. Johnson enforce the sale considering that the contract was oral and the price was more than P 500? Explain.
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