Essential Requisites

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1. Under 1323, what happens if a party dies before acceptance is conveyed?
2. A seller offers at PHP100,000. The buyer responds only “I accept if the price is PHP80,000.” No assent to the changed p…
3. An offer is outstanding when the offeree dies before conveying acceptance. No special rule changes 1323. Can the suppos…
4. An ordinary offer grants ten days to accept but no separate option consideration. Before acceptance the offeror communi…
5. An advertisement merely invites bids and contains no contrary commitment to accept a particular bid. A bidder says 1326…
6. Distinguish absolute acceptance from a changed-price response.
7. Explain the 1319 knowledge rule for paper-letter acceptance and 1323’s intervening death rule.
8. Distinguish a gratuitous acceptance period from a consideration-supported option and an ordinary bid invitation.