Practice question
A party admits a valid contract and a due obligation, but refuses solely because a better commercial deal later became available. No contractual or legal discharge is shown. What follows?
- A better opportunity alone does not cancel the binding obligation
- Any later profitable offer automatically ends the first contract
- The party may erase the agreement by deleting a message
- Commercial regret always proves original invalidity
- Only public officials must honor contracts
Legal references
- Civil Code, Article 1159: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360
Answer this question in flashcards to review your response and continue practicing.