Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mario leased portions of her 5,000 sq. m. lot to Marla, Michelle, Marites, and Menchi for five (5) years. Two (2) years before the expiration

Mario leased portions of her 5,000 sq. m. lot to Marla, Michelle, Marites, and Menchi for five (5) years. Two (2) years before the expiration of the lease contract, Mario sold the property to ABC Realty and Development Corporation. The following month, Mario and ABC Realty stopped accepting rental payments from all the lessees because they wanted to terminate the lease contracts. Due to the refusal of Mario to accept rental payments, the lessees , Marla, et al., filed a complaint for consignation of the rentals before the Regional Trial Court (RTC) of Manila without notifying Mario. Is the consignation valid? Explain your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

Students also viewed these Law questions

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago