Question
ANA owes LITO P10,000,000.00. When the loan is due ANA failed to pay such that LITO filed an action for collection and sought for the
ANA owes LITO P10,000,000.00.
When the loan is due ANA failed to pay such that LITO filed an action for collection and sought for the attachment of ANA's property known as Lot X.
LITO wins the case, and the court ordered the attachment of Lot X.
ANA enters a contract of sale with KRIS over Lot Y.
Is the sale between ANA and KRIS over Lot Y rescissible?
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
