Question
Mr. Kalayaan entered into a Memorandum of Understanding with Ms. Kabaitan which provides that the former will sell his house and lot to the latter
Mr. Kalayaan entered into a Memorandum of Understanding with Ms. Kabaitan which provides that the former will sell his house and lot to the latter on May 1, 2022. The Memorandum of Understanding also stipulates that Mr. Kalayaan will sell same house and lot if Ms. Kabaitan will be able to secure a mortgage bond at Land Bank of the Philippines. On January 25, 2022, Ms. Kabaitan was able to secure a mortgage bond and eventually title and ownership over the house and lot was consolidated and transferred in her favour on February 8, 2022. Is the condition SUSPENSIVE or RESOLUTORY? Explain
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