Practice question
Compare a fixed-price option with a first-refusal right where the owner has not yet decided to sell and essential purchase terms remain unsettled.
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1324,1479.
- PNOC v Keppel Philippines Holdings GR202050 July25,2016 MAIN: https://lawphil.net/judjuris/juri2016/jul2016/gr_202050_2016.html Separate consideration and burden of proof.
- F.F. Cruz v NMC Container Lines GR270449 August11,2025 MAIN: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70224 Option versus first refusal; consideration.
Answer this question in flashcards to review your response and continue practicing.