1. A and B orally agreed that A would sell and B would buy A’s radio for P200.

00 three
years from the date of the agreement. At the end of the three years, A refused to hand
over the radio although B was willing to pay. Is A bound to deliver the radio sold?
- A is not bound to deliver because the sale is unenforceable.
2. Statute of Frauds is applicable to
- Contract not be performed within a year from the making thereof
3. Enumerate the 3 Kinds of Unenforceable Contracts
- Unauthorized contracts or disauthorized contracts
- Those that fail to comply with the Statute of Frauds
- Those where both parties are incapable of giving consent.

4. If ratification is made by the parents or guardians, as the case may be, of both
contracting parties, the contract shall be invalid from the inception
- FALSE
5. Those entered into in the name of another person by one who has been given no
authority or legal representation, or who has acted beyond his powers.
- TRUE
6. Contract which cannot be sued upon unless ratified, thus it as if they have no effect yet:
- Unenforceable
7. Statute of frauds established to prevent fraud and guard against mistakes. It requires
certain agreements to be in writing
- TRUE