Philippine Bar review · Topic

Option Contract

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Practice questions

  1. Which feature particularly distinguishes a right of first refusal from a fixed-price option?
  2. A lease merely includes an option clause. The grantee proves no additional concession intended as separate option consi…
  3. The lessee advances money that is fully credited against rent for its own occupation. No other fact proves a separate o…
  4. A clause called a first option identifies the lot, fixes the price, states payment terms, and grants the holder a purch…
  5. A lessee claims the lessor’s ordinary statutory right to retain qualifying improvements upon due payment is, without mo…
  6. A purchase option is embedded in a lease. Explain PNOC’s requirement to examine additional concessions rather than auto…
  7. Compare a fixed-price option with a first-refusal right where the owner has not yet decided to sell and essential purch…
  8. A grantee invokes the general presumption of consideration but offers no evidence of the option’s separate consideratio…