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What is Odyssey Park vs. Union Bank: Contract Rescission about?

1) The petitioner Odyssey Park entered into a contract to sell with Bancom Development Corporation to purchase land, with payments to be made in installments. Bancom later transferred its rights to the property to the respondent Union Bank. 2) Odyssey Park fell behind on payments. Union Bank issued a letter in January 1984 formally rescinding the contract to sell due to non-payment and demanding that Odyssey Park vacate the property. 3) The trial and appellate courts both ruled that the contract to sell

Author

Gedan Tan

Language

EN