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Vda. de Mistica v. Sps. Naguiat Ruling by Emir Mendoza is a document available to read on EtoBox.

What is Vda. de Mistica v. Sps. Naguiat Ruling about?

(1) The case involved a petition for rescission of a contract for sale of land due to non-payment of the balance of the purchase price within the agreed 10-year period. (2) The Supreme Court ruled against rescission, finding that non-payment within 10 years did not constitute a substantial breach based on contract stipulations allowing payment after 10 years with 12% interest, and that the petitioner refused a tender of payment within the 10-year period.

Author

Emir Mendoza

Language

EN