Common Contracts
1 similar Contract to Sell contracts
Title: Fidela Del Castillo Vda. De Mistica vs. Spouses Bernardino Naguiat and Maria Paulina Gerona-NaguiatContract to Sell • April 3rd, 2024
In April 1979, Eulalio Mistica entered into a contract to sell a 200-square-meter portion of his land in Malhacan, Meycauayan, Bulacan, to the Naguiats for PHP 20,000. An initial payment of PHP 2,000 was made upon the agreement’s execution, with an additional PHP 1,000 paid in 1980. The balance was to be settled within ten years, subject to a 12% annual interest for delay. However, after making only PHP 3,000 in payments and failing to settle the balance, the Naguiats ceased payments.
