Consolidated Rural Bank vs. Court of Appeals [January 17, 2005]
In Consolidated Rural Bank vs. Court of Appeals, the Supreme Court of the Philippines ruled that when two sales involve the same property but are executed by different sellers, the principle of “he who is first in time is preferred in right” applies. The Court emphasized that a seller cannot convey what they do not own, and subsequent buyers must exercise due diligence to verify the property’s ownership.
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