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What is Court Ruling on Property Sale Dispute about?

This case involves a dispute over the sale of a property located in Makati City. [1] Tomas Chua agreed to purchase the property from Encarnacion Valdes-Choy for P10.8 million. [2] Chua made a down payment and signed deeds of sale, but then stopped payment on checks intended for the balance and capital gains tax. [3] Valdes-Choy tore up the deeds, refusing to proceed with the sale. Chua then sued for specific performance, and the trial court ruled in his favor, but the Court of Appeals reversed.

Author

Boogie San Juan

Language

EN