This case has been cited 2 times or more.
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2004-01-15 |
QUISUMBING, J. |
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| A careful reading of the Kasunduan reveals that it is in the nature of a contract to sell, as distinguished from a contract of sale. In a contract of sale, the title to the property passes to the vendee upon the delivery of the thing sold; while in a contract to sell, ownership is, by agreement, reserved in the vendor and is not to pass to the vendee until full payment of the purchase price.[48] In a contract to sell, the payment of the purchase price is a positive suspensive condition,[49] the failure of which is not a breach, casual or serious, but a situation that prevents the obligation of the vendor to convey title from acquiring an obligatory force.[50] | |||||
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2000-10-09 |
PARDO, J. |
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| On April 15, 1995, Pacwood appealed to the Court of Appeals.[6] | |||||