Civil Law, 2014 Bar — Question IX

ESSAY

Spouses Macario and Bonifacia Dakila entered into a contract to sell with Honorio Cruz over a parcel of industrial land in Valenzuela, Bulacan for a price of P3,500,000.00. The spouses would give a downpayment of P500,000.00 upon the signing of the contract, while the balance would be paid for the next three (3) consecutive months in the amount of P1,000,000.00 per month. The spouses paid the first two (2) installments but not the last installment. After one (1) year, the spouses offered to pay the unpaid balance which Honorio refused to accept. The spouses filed a complaint for specific performance against Honorio invoking the application of the Maceda Law. If you are the judge, how will you decide the case? (4%)

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