Can I read Palay Inc. v. Clave: Contract Rescission Ruling on EtoBox?

Palay Inc. v. Clave: Contract Rescission Ruling by jasminealmira is a document available to read on EtoBox.

What is Palay Inc. v. Clave: Contract Rescission Ruling about?

- In March 1965, Palay Inc. executed a contract to sell land to Dumpit, with payments over time and a clause allowing automatic rescission for late payments. - Dumpit made payments until 1967 but then defaulted. In 1973, Palay informed Dumpit it had rescinded the contract and resold the land, without prior notice. - Dumpit complained. The NHA and OP ruled the rescission was void without judicial or notarial demand, and ordered Palay to refund Dumpit. The SC initially dismissed but then reconsidered, findin

Author

jasminealmira

Language

EN