X is the only daughter of the richest man in the Philippines. Her father and mother died in an accident. While waiting for the distribution of her inheritance, X already sold 2 of the lots of her parents. Is this a valid contract of sale?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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X is the only daughter of the richest man in the Philippines. Her father and mother died in an accident. While waiting for the distribution of her inheritance, X already sold 2 of the lots of her parents. Is this a valid contract of sale?

A. Yes. X is the only inheritor of the properties so she has the right to dispose everything she will inherit.

B. Yes. X need not wait for the official distribution of her inheritance because she is the sole heir of the richest man in the Philippines.

C. No. X must wait for the court because it must be established that she is the legitimate heir of the richest man in the Philippines.

D. No. X is not yet the real owner of the properties of her parents so she must wait for the court to establish the extent of her inheritance.

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