Commercial Laws 1.) 2.) 3.) 4.) 5.) 6.) 7.

) Definition of commerce What are the considered acts of commerce? Who are merchants? Under the 1987 Constitutions who are disqualified? When can husband object to his wife engaging in business? Rule on contracts through correspondence under the Code X wanted to sell his house in Iloilo City. X sent a letter to Y in Cebu City. Offering his house for sale for 5M. Immediately upon receiving the offer letter of X. Y sent a letter accepting the offer. Before X received the letter of Y, X sold the house to Z for 6M. Is X liable to Y for damages?