This case has been cited 1 times or more.
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2010-03-03 |
NACHURA, J. |
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| In Esguerra v. Trinidad,[13] the Court had occasion to discuss the matter of sales involving real estates. The Court's pronouncement is quite instructive: In sales involving real estate, the parties may choose between two types of pricing agreement: a unit price contract wherein the purchase price is determined by way of reference to a stated rate per unit area (e.g., P1,000 per square meter), or a lump sum contract which states a full purchase price for an immovable the area of which may be declared based on the estimate or where both the area and boundaries are stated (e.g., P1 million for 1,000 square meters, etc.). In Rudolf Lietz, Inc. v. Court of Appeals (478 SCRA 451), the Court discussed the distinction: | |||||