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[2/2] Luzon Brokerage Co. Inc., vs. Maritime Building Co.

[2/2] LUZON BROKERAGE CO., INC., plaintiff-appellee, vs. MARITIME BUILDING CO., INC. AND MYERS BUILDING CO., INC., defendants, MARITIME BUILDING CO., INC., defendant-appellant

G.R. No. L-25885 | 1978-11-16

Part II


"(i) Title to the properties subject of this contract remains with the Vendor and shall pass to, and be transferred in the name of the Vendee only upon complete payment of the full price above agreed upon.."
He had previously cited in the decision the acceleration clause in the contract that: ". . . the failure to pay any installment or interest when due shall ipso facto cause the whole unpaid balance of the principal and interest to be and become immediately due and payable." 19

He thus articulated the inescapable conclusion that the express contractual stipulations "make it crystal clear that the full payment of the price...