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Validity of Conditional Obligations in Estate Case by Wendell Mirabel is a document available to read on EtoBox.
Damasa Crisostomo subscribed to 200 shares of stock in Quezon College for P100 per share but only made an initial payment, promising to pay the rest after harvesting fish. She passed away without making further payments. Quezon College filed a claim against her estate for the unpaid subscription. The court held the conditional obligation invalid under the Civil Code because fulfillment of the condition depended solely on the will of the debtor to harvest fish and pay.
- Author
- Wendell Mirabel
- Language
- EN