Can I read Uraca vs. Velezes: Contract Validity on EtoBox?

Uraca vs. Velezes: Contract Validity by Karen Daryl Brito is a document available to read on EtoBox.

What is Uraca vs. Velezes: Contract Validity about?

The Velezes owned a commercial property that they leased to petitioners. The Velezes offered to sell the property to petitioners for PHP1.05 million, which petitioners accepted. However, the Velezes then increased the price to PHP1.4 million, which petitioners did not agree to. Without an agreement, the Velezes then sold the property to Avenue Group. The Court of Appeals ruled there was an original contract that was novated by the increased price, but the Supreme Court disagreed, finding no novation occurre

Author

Karen Daryl Brito

Language

EN