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RVM vs. Orola: Rescission vs. Specific Performance by yana is a document available to read on EtoBox.

What is RVM vs. Orola: Rescission vs. Specific Performance about?

The Congregation of the Religious of the Virgin Mary (RVM) entered into a contract to purchase property from Orola. RVM paid the 10% down payment but failed to pay the remaining balance when due. Orola filed a complaint seeking either rescission of the contract or specific performance. The Court of Appeals set aside rescission but granted specific performance, ordering RVM to pay the remaining balance plus interest. The Supreme Court affirmed the Court of Appeals

Author

yana

Language

EN