About this document

INC vs Catholic: Payment Validity Ruling by Margarita Louise is a document available to read on EtoBox.

The document discusses a case regarding whether a personal check constitutes a valid tender of payment under a land sale contract that stipulated payment in Philippine currency. The Supreme Court ruled that a personal check is not considered legal tender and does not constitute valid payment, as the contract specified payment in currency. As the private respondent failed to tender actual currency within the grace period, the petitioner validly cancelled the contract and forfeited previous payments when the

Author

Margarita Louise

Language

EN