reason not recordia memorandum of agreement of sale

Mistake, to constitute a ground for petition for relief, refers to a mistake of fact, not of law. What is a Memorandum of Sale The Memorandum of Sale is a document that records the main details and terms of the property sale. 'Broker' has the meaning set forth in Section 11.1. The narration of facts by the Court of Appeals is not disputed: The Court finds occasion to reiterate this basic principle in this case. following meanings when used in this Agreement: 'Agreement' shall mean this Purchase and Sale Agreement, including all exhibits attached hereto. On April 13, 1988, Diosdada Nueva, with marital consent, sold under a pacto de retro, a parcel of land with an area of 2,033 square meters situated in Kauswagan, Cagayan de Oro City, to Philadelphia Agan for P21,000.00. The property is covered by Transfer Certificate of Title (TCT) No. 25370 and registered in the name of Spouses Andres and Diosdada Nueva. A MOC can be used in court when one party fails to meet one or more of the obligations stated in the agreement. It can be used to outline the terms and details of the agreement before the contract is drawn. First Name Last Name Email Address Submit. Select this theme to customize and add content to this page. A MOC is less legally binding than a contract. Reason not recordia memorandum of agreement of sale Contact Us. The agreement is evidenced by a public instrument entitled 'Deed of Sale under a Pacto de Retro' executed and duly signed by the late Diosdada Nueva with the marital consent of her husband, Andres Nueva, and Philadelphia Agan. A memorandum of contract (MOC) is a pre-contract to a real estate sales contract. The parties agreed that the Nuevas are granted the right to repurchase the property sold, within six (6) months from and after the date of the document for the same consideration of P21,000.00. Petitioners failed to repurchase the property within the stipulated six-month period.

On July 5, 1991, upon the death of Diosdada Nueva, the property was extrajudicially partitioned where Andres sold his interest in the land in question to his daughter Ann and son Lou. Reason not recordia memorandum of agreement of sale Best buddi Fontagent 7 Mahjong solitaire epic Author. Recording is the act of putting a document into official county records, especially for real estate and property transactions, that provides a traceable chain of title.