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    San Miguel Properties Philippines v. Huang

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    Morales Genecio
    The petitioner filed a petition arguing that no sale agreement was finalized between the parties despite the respondent offering to buy the property and paying an earnest money. The respondent contended that the earnest money perfected the contract of sale. The court held that the money paid was not an earnest money as intended by the Civil Code, but rather an accepted unilateral promise by the respondent to buy the properties within the stipulated period. Such an option to buy is separate from an actual contract of sale that the parties may enter into.

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    San Miguel Properties Philippines v. Huang

    Uploaded by

    Morales Genecio
    169 views1 page
    The petitioner filed a petition arguing that no sale agreement was finalized between the parties despite the respondent offering to buy the property and paying an earnest money. The respondent contended that the earnest money perfected the contract of sale. The court held that the money paid was not an earnest money as intended by the Civil Code, but rather an accepted unilateral promise by the respondent to buy the properties within the stipulated period. Such an option to buy is separate from an actual contract of sale that the parties may enter into.

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    Case digest in sales

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    The petitioner filed a petition arguing that no sale agreement was finalized between the parties despite the respondent offering to buy the property and paying an earnest money. The respondent contended that the earnest money perfected the contract of sale. The court held that the money paid was not an earnest money as intended by the Civil Code, but rather an accepted unilateral promise by the respondent to buy the properties within the stipulated period. Such an option to buy is separate from an actual contract of sale that the parties may enter into.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    169 views1 page

    San Miguel Properties Philippines v. Huang

    Uploaded by

    Morales Genecio
    The petitioner filed a petition arguing that no sale agreement was finalized between the parties despite the respondent offering to buy the property and paying an earnest money. The respondent contended that the earnest money perfected the contract of sale. The court held that the money paid was not an earnest money as intended by the Civil Code, but rather an accepted unilateral promise by the respondent to buy the properties within the stipulated period. Such an option to buy is separate from an actual contract of sale that the parties may enter into.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    San Miguel Properties Philippines v.

    Huang
    336 SCRA 737
    Facts: The respondent herein oered to !u" the propert" o the petitioner# And has paid an
    earnest $one" in the event o an agree$ent !et%een the parties# &ut nonetheless no
    agree$ent %as inali'ed.
    Hence this petition# (here the respondent contends that the earnest $one" paid# perected the
    contract o sale !et%een the parties.

    )ssue: (hether or not the $one" paid# perected the contract o sale
    Held: *o# The court held that the $one" paid is not earnest $one" as conte$plated !" the Civil
    Code. )t %as $erel" an accepted unilateral pro$ise !" the respondents to !u" the su!+ect
    properties %ithin the period stipulated.
    Such option giving respondents the right to !u" the properties %ithin the period agreed upon is
    separate and distinct ro$ the contract o sale %hich the parties $a" enter.

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