Conditional Sale Agreement Philippines

ORC should have paid the tenants an error compensation when executing the type of purchase. “Article 1458. Through the sales contract, one of the contracting parties agrees to transfer the property and deliver a particular thing, and the other agrees to pay a price in cash or equivalent. In the case of Perez vs. Rasacea et al., (GR 211539, October 17, 2016), the Supreme Court stated by the justice association Diosdado Peralta: “The respondent`s argument that the petitioner had no right to dislodge them on April 19, 2010, as he did not become owner until July 29, 2010 is not convinced. Although a deed of sale is characterized as conditional, it is absolute in nature, since the seller does not reserve any provision until the full payment of the purchase price. In this case, the ownership of the thing sold is transferred to the buyer in case of actual or constructive delivery. In a sales contract, the property is transferred to the buyer with the delivery of the thing sold. On the other hand, in a sales contract, the property is retained by the seller by appointment and can only be passed on to the seller after the full payment of the purchase price.

ORC agreed to pay tenants a “disturbing compensation,” while Ben agreed to empty the tenants` land within six months of signing the purchase. If Ben does not clear the land within six months, ORC may suspend its monthly down payment until tenants evacuate the property. Fees are not part of the purchase price. Beyond this amount, all claims are for Ben. Contrary to the agreement, the company did not sue PATAF to invalidate its property. The company did not compensate the tenants` land and did not pay them any compensation for malfunction. Despite the request, ORC refused to pay the full purchase price. There is no legal basis for stating that Jake still owns the property. The conditional purchase obligation did not provide that Jake would retain ownership of the property until the full payment of the purchase price; It is therefore assumed that Julia is the owner of the land when the conditional purchase is executed. “In a sales contract, the title is transferred after the delivery of the thing sold to the Vendee; In a sales contract, the property is reserved for the seller in a contract of agreement and can only be sold after the full payment of the price. In a sales contract, the seller has lost the property and can only recover the property when the contract is terminated or revoked; while in a contract for sale, the title is held by the seller until the full payment of the price, xxx. These legal conditions vary depending on when the transfer of ownership takes place.