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E. C. Mccullough & Co., Inc. Vs. Mariano Veloso, Et Al. 046 Phil 1

E. C. McCULLOUGH & CO., INC., plaintiff-appellant, vs. MARIANO VELOSO and JOAQUIN SERNA, defendants. MARIANO VELOSO, appellant.

G.R. No. L-21455 | 1924-04-05

D E C I S I O N


AVANCEá'A, J .:

On March 23, 1920, the plaintiff corporation, E. C. McCullough & Co., Inc., sold to Mariano Veloso the property known as "McCullough Building," consisting of a land, with the building thereon, described in the certificate of title No. 13274, for the price of P700,000, Veloso having paid P50,000 cash on account at the execution of the contract, the balance of P650,000 to be paid, according to the contract, as follows: P50,000 on May 1, 1920; P100,000 on October 31 of the same year; P100,000 on April 1, 1921; P100,000 on April 1, 1922; P100,000 on April 1, 1923; P100,000 on April 1, 1924, and P100,000 on...