FACTS: An urban lot, owned by a certain Pestejos, was sold to a certain Aguilar, an adjacent lot owner, although another adjoining lot owner, Legaspi, had offered to buy the same lot. Legaspi was interested in the purchase of Pestejos’ lot, because a portion of her (Legaspi’s) house was standing on a part of Pestejos’ lot. After the sale to Aguilar, Legaspi tried to redeem the lot by offering a reimbursement of the purchase price. The offer was refused. ISSUE: Should redemption by Legaspi be allowed?
FACTS: An urban lot, owned by a certain Pestejos, was sold to a certain Aguilar, an adjacent lot owner, although another adjoining lot owner, Legaspi, had offered to buy the same lot. Legaspi was interested in the purchase of Pestejos’ lot, because a portion of her (Legaspi’s) house was standing on a part of Pestejos’ lot. After the sale to Aguilar, Legaspi tried to redeem the lot by offering a reimbursement of the purchase price. The offer was refused. ISSUE: Should redemption by Legaspi be allowed?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Fidela Legaspi v. Court of Appeals, et al., L-39877, Feb. 20, 1976
FACTS: An urban lot, owned by a certain Pestejos, was sold to a certain Aguilar,
an adjacent lot owner, although another adjoining lot owner, Legaspi, had
offered to buy the same lot. Legaspi was interested in the purchase of Pestejos’
lot, because a portion of her (Legaspi’s) house was standing on a part of Pestejos’
lot. After the sale to Aguilar, Legaspi tried to redeem the lot by offering a
reimbursement of the purchase price. The offer was refused.
ISSUE: Should redemption by Legaspi be allowed?
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