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Legaspi vs. Salcedo: Right to Repurchase by Patrick D Gueta is a document available to read on EtoBox.

What is Legaspi vs. Salcedo: Right to Repurchase about?

Bernardo Legaspi sold two parcels of land to his son-in-law Leonardo Salcedo in 1965 with the right to repurchase them within 5 years. Before the expiry of the repurchase period, Legaspi offered to repurchase the lands from Salcedo for the original sale price of PHP25,000. Salcedo refused, claiming the price should be higher due to inflation. Legaspi then consigned the PHP25,000 with the court. The Supreme Court ruled that a valid tender of payment was sufficient to exercise the right to repurchase, as cons

Author

Patrick D Gueta

Language

EN