A sold to B a parcel of land for P30,000. The sale is evidenced by a memorandum of agreement of sale written in Cebuano dialect. One week later, A sold the same parcel of
A sold to B a parcel of land for P30,000. The sale is evidenced by a memorandum of agreement of sale written in Cebuano dialect. One week later, A sold the same parcel of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. A sold to B a parcel of land for P30,000. The sale is evidenced by a memorandum of
agreement of sale written in Cebuano dialect. One week later, A sold the same parcel of
land to C for P40,000 which was evidenced by a formal deed of sale. Upon buying the
property, C, who was aware of the first sale, immediately took possession of the land and
registered the deed of sale in her favor with the Register of Deeds. When informed of the
second sale, B subsequently registered an adverse claim to the property. To whom shall
the parcel of land belong? Give reason/s.
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