On August 1, 2020, X offered for sale his two-hectare lot to Z for 10M pesos and
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On August 1, 2020, X offered for sale his two-hectare lot to Z for 10M pesos and gave the latter who showed interest to buy, thirty (30) days within which to decide on the matter. Five days thereafter, Z intimated to X his decision to buy the property. On August 20, 2020, X sold the lot to Y for 15M pesos. On August 29, 2020, Z tendered payment but was informed that the lot was already sold to Y. The former then sued X for breach of contract and damages.
a.) Will the action prosper? Reason.
b.) Was there double sale? Reason.
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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