G.R. No. 106063 - Equatorial Realty Development, Inc. vs. Mayfair Theater, Inc.

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Title Supreme Court: Equatorial Realty Development, Inc. vs. Mayfair Theater, Inc.

Case: G.R. No. 106063

Decision Date: Nov 21, 1996

Carmelo leased property to Mayfair with an option to purchase. Carmelo sold the property to Equatorial, ignoring Mayfair's right of first refusal. Courts ruled the option clause unenforceable due to lack of consideration, upholding the sale.

specific performance

annulment of sale

purchase price

Marathon 1 hr 20 min

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