Molly owns a property in Pandi, Bulacan worth Php500,000.00. She wants to start a business, so decided
Question:
Molly owns a property in Pandi, Bulacan worth Php500,000.00. She wants to start a business, so decided to sell his property to Edwin for Php200,000.00 because that's all she needs to start up a business. After two years, Molly decided to buy back the property form Edwin. Edwin however refuses to give her property back claiming that he is now the owner, the property having been conveyed to him by Molly through a Deed of Absolute Sale. Molly does not come to you for advice. Can Molly still get the property back from Edwin? Explain your answer.
2. Who is a redemptioner and what are his obligations?
3. Is taxes considered useful expense for purposes of redemption?
4. Andy, Rose, and Lucky are co-owners of an undivided lot consisting of 600 square meters located in Concepcion, Tarlac. Lucky sold his undivided interest in the property to Romy for Php600,000.00. After two years, Rose offered to buy back the property from Romy. Can Rose legally do the same. Should Andy also signify the intention to buy back the same property would it be allowed? What are the rights of Andy and Rose over the property?
5. Explain pre-emption and redemption?
Introduction To Materials Management
ISBN: 978-9386873248
8th edition
Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen