Civil Law, 2014 Bar — Question IV

ESSAY

Nante, a registered owner of a parcel of land in Quezon City, sold the property to Monica under a deed of sale which reads as follows: "That for and in consideration of the sum of P500,000.00, value to be paid and delivered to me, and receipt of which shall be acknowledged by me to the full satisfaction of Monica, referred to as Vendee, I hereby sell, transfer, cede, convey, and assign, as by these presents, I do have sold, transferred, ceded, conveyed and assigned a parcel of land covered by TCT No. 2468 in favour of the Vendee." After delivery of the initial payment of P100,000.00, Monica immediately took possession of the property. Five (5) months after, Monica failed to pay the remaining balance of the purchase price. Nante filed an action for the recovery of possession of the property. Nante alleged that the agreement was one to sell, which was not consummated as the full contract price was not paid. Is the contention of Nante tenable? Why? (4%)

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