Adelfa Properties, Inc vs. Court of Appeals [January 25, 1995]
In Adelfa Properties, Inc. vs. Court of Appeals, the Supreme Court of the Philippines ruled that an “Exclusive Option to Purchase” agreement was actually a contract to sell, not an option contract. The Court emphasized that ownership transfers only upon full payment, and the buyer’s failure to pay justified the seller’s rescission of the contract.
Adelfa Properties, Inc vs. Court of Appeals [January 25, 1995] Read More ยป