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Caridad Estates, Inc. vs. Santero

THE CARIDAD ESTATES, INC., plaintiff-appellee, vs. PABLO SANTERO, defendant-appellant.

G.R. No. 47231 | 1940-12-19

D E C I S I O N


LAUREL, J:

On November 28,1934, the Caridad Estates, Inc., through its manager, Hammon H. Buck, leased to Pablo Santero cadastral lots Nos. 1080 B-1, 1080 B-2 and 1116 in the municipality of Cavite, Cavite, for one year for P2,200. Said lands were used for fishpond and salt bed purposes. About three months prior to the expiration of the contract of lease, or on August 24, 1935, the lessor sold the same lots to the lessee for P30,000, payable as follows: P1,500 on the execution of the agreement; P4,000 on or before December, 1935; P4,500 on or before March, 1936; and the remaining balance of P20,000 in ten years, each...