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What is San Miguel Properties vs. Sps. Huang Case about?

San Miguel Properties offered two parcels of land for sale to Sps. Huang through their lawyer Atty. Dauz. Atty. Dauz submitted an offer with a P1 million deposit, subject to conditions including a 30-day exclusive option period to purchase. San Miguel accepted. However, the parties failed to agree on terms of payment during the option period or its 45-day extension. When Sps. Huang failed to pay upon the extension expiring, San Miguel returned the deposit. Sps. Huang sued for specific performance. The Court

Author

Roberts Sam

Language

EN