LAW

1. On March 30, 2020, Mr. Billy Buyer entered into a contract of sale with Ms. Nag B. Venta over a
House and Lot worth 5 Million Pesos. They agreed on the following terms and conditions: Mr. Billy
Buyer will pay a down payment of 2.5 Million Pesos evidenced by a Conditional Deed of Sale and the
balance to be paid in four equal installments after which Ms. Nag B. Venta shall execute an Absolute
Deed of Sale together with the delivery of the owner’s copy of the Title over the property. Make your
personal comments and observations on the foregoing agreement.

Answer: In this case, they are entered into an agreement where Mr. Nag B. Venta as a seller must
deliver something to the other party and Mr. Billy Buyer as a buyer is bound to pay a sum of money. In
my observation there are conflicts in their case because in order to Ms. Nag V. Benta to transfer the
copy of the Title over the property, Mr. Billy buyer must first paid the agreed upon amount of money in
full. If he continues to pay in installments, the transfer of full ownership cannot be perform. In order to
have a well-ordered transaction, both of them must determine first the type of contract they wish to
enter to avoid conflicts or differences and then both parties must perform their obligations.