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Considerations of contracts

1. O agreed to transfer to I, verbally, a residential lot in consideration of a service or benefit


already rendered by the latter in favor of the former. Which of these is correct?
The verbal agreement is enforceable because it is not covered by the Statute of Fraud.
2. P.A.U sold to R.D.E the former's car on April 1, 1992 for P300,000. P.A.U. promised to
deliver the car on April 15, 1992 but A.D.E. did not make any promise as to when to pay.
(Phil CPA, 92-1)
R.D.E. will be obliged to pay only at or after delivery.
3. X sold his car to Y for P50,000. No date was fixed for the performance of the obligations
of the seller and the buyer. The obligation of X is: (Phil CPA, 86-2)
To deliver the car after Y pays X the P50,000.
4. X, after the death of his father, sold his inheritance though its amount has not yet been
determined to B, for a consideration of P50,000.
The contract is void if nothing remains of the inheritance to be turned over to B.
5. Three of the following are void contracts. Which is the exception?
contracts with valid consideration but with unlawful motives.
6. Mr. Gamboa sold his car for P200,000 to Mr. Ramos. There was no fixed date for the
performance of the obligations of both parties. The obligation of Mr. Gamboa as vendor
is: (Phil CPA, 97-2)
To wait for Mr. Ramos to pay P200,000 and deliver the car.
7. Mr. Guzman sold his owner type jeep to Mr. Montano for P100,000. There was no date
fixed for the performance of the obligation of Mr. Guzman and Mr. Montano. The
obligation of Mr. Guzman is: (Phil CPA, 89-1)
To wait for Mr. Montano to pay P100,000 and deliver the jeep.
8. Mr. Santos sold his car to Mr. Garcia for P150,000. No date is fixed by the parties for the
performance of their respective obligations. The obligation of Mr. Santos is: (Phil CPA,
88-1)
To deliver the car upon the payment by Mr. Garcia of P150,000.
9.

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