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The Manila Racing Club, Inc., vs. The Manila Jockey Club, et al

THE MANILA RACING CLUB, INC., plaintiff-appellant, vs. THE MANILA JOCKEY CLUB, ET AL., defendants-appellees.

G.R. No. L-46533 | 1939-10-28

D E C I S I O N


AVANCEá'A, J:

On September 18, 1936 Rafael J. Campos entered into a contract (Exhibit C) with the Manila Jockey Club, an unregistered partnership, whereby he purchased from it the parcel of land described in transfer certificate of title No. 8724 with its improvements, the good-will, and certain personal property. The price agreed upon in this transaction is P1,200,000, payable as follows: P50,000 upon the signing of the contract; P50,000 on or before September 28, 1936; P300,000 on or before December 24, 1936; P200,000 on or before March 24, 1937; and P600,000 on or before September 24, 1937. It was agreed that should...