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What is Ownership Dispute: Olimpia vs. Octaviano about?

Olimpia sold a parcel of land to Aurelio in 1952. The deed of sale stated it was an absolute and definite sale with no rights of repurchase reserved by Olimpia. In 1954, Aurelio sold the land to his brother Isauro. Olimpia then tried to repurchase the land. The Supreme Court ruled that the transaction between Olimpia and Aurelio was not a sale with right of repurchase since the deed did not reserve this right for Olimpia. It also found the transaction was not an equitable mortgage or pactum commissorium sin

Author

Trizha Reamico

Language

EN