Fule digest

Gregorio Fule, a banker and a jeweller, offered to sell his parcel of land
to Dr. Cruz in exchange for P40,000 and a diamond earring owned by
the latter. A deed of absolute sale was prepared by Atty. Belarmino, and
on the same day Fule went to the bank with Dichoso and Mendoza, and
Dr. Cruz arrived shortly thereafter. Dr. Cruz got the earrings from her
safety deposit box and handed it to Fule who, when asked if those were
alright, nodded and took the earrings. Two hours after, Fule complained
that the earrings were fake. He files a complaint to declare the sale null
and void on the ground of fraud and deceit.
Issue:
Whether the sale should be nullified on the ground of fraud
Held:
A contract of sale is perfected at the moment there is a meeting of the
minds upon the thing which is the object of the contract and upon the
price.