Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

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Dec 20, 2006 civil-law contracts sale earnest-money dation-in-payment philippine-law

Dation in Payment and Perfected Contracts of Sale Under Philippine Law

When is a deposit earnest money? This case explains when a contract of sale is perfected and why a bank's qualified acceptance was only a counter-offer.