Q. Is a stipulation in a contract of lease granting the lessee an exclusive right to renew the contract valid? (Solved)

1. No, because it is violative of the principle of mutuality of contracts;

2. No, because validity or compliance cannot be left to the will of only one of the parties;

3. Yes, it is fundamentally part of the consideration in the contract. (Allied Bank v. CA, January 16, 1998)

4. No, it is contrary to law.