Practice question
A document gives a prospective purchaser forty-five days to decide whether to buy a specified machine at a fixed price. It expressly states that no separate option consideration is paid or promised. The prospective purchaser merely acknowledges receiving the option document but never communicates acceptance of the purchase offer before the owner withdraws it. Which conclusion is correct?
- Acknowledging receipt necessarily accepts the sale
- The facts show neither a separately supported irrevocable option nor timely acceptance of the purchase offer before withdrawal
- Any use of the word option automatically defeats withdrawal
- The purchaser already owns the machine
- The owner must accept any later counteroffer
Legal references
- Civil Code Articles 1324 and 1479: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- PNOC v. Keppel Philippines Holdings, GR 202050, July 25, 2016, main decision: https://lawphil.net/judjuris/juri2016/jul2016/gr_202050_2016.html
- F.F. Cruz & Company v. NMC Container Lines, GR 270449, August 11, 2025, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70224
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