G.R. No. L-4333 - Arcache vs. Lizares and Co., Inc.

Arcache vs. Lizares and Co., Inc.

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Title Supreme Court: Arcache vs. Lizares and Co., Inc.

Case: G.R. No. L-4333

Decision Date: May 23, 1952

A corporation sold land to Arcache, who deposited payment with PNB in 1945. The corporation denied receipt, rescinded the contract, and sued. The Court ruled deposit invalid but excused non-payment due to war conditions, upheld the sale, and ordered conversion at 1944 rates.

deposit

valid payment

contract of sale

Short 9 min

END