The P100,000.00 that was given to Msgr. Cirilos as “deposit” cannot be considered as earnest money. Where the parties merely exchanged offers and counter-offers, no contract is perfected since they did not yet give their consent to such offers. Earnest money applies to a perfected sale (Starbright Sales Eterprises, Inc. Vs. Philippine Realty Corporation, Msgr. Domingo A. Cirilos, et al., G.R. No. 177936. January 18, 2012)
Friday, March 9, 2012
Earnest Money
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment