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Showing 1–2 of 2 articles for “promise to sell”

Bank Not Liable for Employee's Promise to Seller: Relativity of Contracts in Loan Proceeds Release

Supreme Court rules bank not subsidiarily liable for employee's alleged promise to pay seller directly from loan proceeds, citing relativity of contracts.

Sale vs Promise to Sell: When Ownership Passes in Real Estate Deals

Philippine Supreme Court clarifies the difference between a contract of sale and a promise to sell, and when ownership actually transfers to the buyer.