A) Explain how Contracts are perfected.
B) Explain the Stages of the Life of a Contract.
C) Jack and Jill entered into a construction agreement for Jack to construct a specific mansion for Jill whereby the price for the mansion shall be based on the price offered by Jill for the said mansion. After finishing the mansion, Jill offered to pay 1 Million Pesos to Jack. Jack, however, did not agree and offered the amount of 2 Million Pesos as the reasonable value of the mansion he built. Will Jack be entitled to 2 Million Pesos instead of 1 Million Pesos? Explain.
D) Jess and Joe entered into a contract where Jess shall sell 5 million pieces of apples to Joe deliverable the next day. The parties agreed that the price for the apples shall be determined by Jane, a third person.
(a) Is the contract valid? Why?
(b) Can Jess or Joe validly decide not to be bound by Janes determination of the price if any of the parties fail to agree on the amount?
E) Joseph and Joana agreed on the contract for Joseph to deliver to Joana a specific Mustang car for the price of 1 Million Pesos to be delivered on Christmas day, 25 December 2022. On 25 December 2022, Joseph delivered the specific Mustang Car, but it lacked a side-mirror. Jane accepted the specific Mustang car and drove away. Jane, however, only realized upon further checking the next morning that the car lacked a side-mirror. Can Joana validly return the subject car to Joseph and demand for damages? Why?
