OBLIGATIONS AND CONTRACTS

1. A, the lessee, enters into a contract of lease of apartment

for ten years with B the lessor. On the third year B died.
the only son of B, Mr. C who inherited the apartment after
the death of B wanted to evict A as he wants to sell the
apartment.
a. Define Contracts.5pts
b. What are the three characteristics of Contracts and discuss
briefly.15pts
c. Can Mr. C sell the apartment the he owns?10pts

2. X was selling his house and lot to Y for P10,000,000.00.

however Y offered that he is willing to buy the house
P9,500,000.00.
a. Was there a contract created between X and Y, explain?
10pts
b. Give the element of contracts and explain briefly?15pts

3. A)Enumerate the modes of extinguishment of contracts

5pts
B) explain 10pts
C) give an example 10pts

4. While going home Mr. E saw a gold bar on the street

beside norsu without any name. he brought it home.
a. Can Mr. A keep the gold bar under the doctrine of finders
keepers?10pts
b. Determine the two kinds quasi-contracts and explain. 10
pts