Professional Documents
Culture Documents
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* FIRST DIVISION.
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SUPREME COURT REPORTS ANNOTATED VOLUME 131 02/09/2020, 2'05 PM
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„(h) That the Developer agrees to reserve the right of the registered
Owner of the land to ask for immediate CASH payment against an
ÂAbsolute Deed of SaleÊ on the said above mentioned properties,
subject of this ÂJoint Venture AgreementÊ, on the amount of not less
than TWO MILLION THREE HUNDRED THOUSAND
(P2,300,000.00) PESOS, after the big loan is granted to the
Developer in or about thirty (30) days to forty-five (45) days from
the signing of this Joint Venture Agreement and the ÂSpecial Power
of AttorneyÊ,
„(i) However, if the Owner of the property Mr. Nicolai Drepin will
not choose to be paid on this said above mentioned property in
CASH of TWO MILLION THREE HUNDRED THOUSAND
(P2,300,000.00) PESOS, this Âjoint venture agreement is still in full
force and effect, OTHERWISE if full payment of TWO MILLION
THREE HUNDRED THOUSAND (P2,300,000.00) PESOS receipt is
acknowledged by the said Mr. Nicolai Drepin, the ÂJoint Venture
AgreementÊ is automatically cancelled and declared no force and
effect.‰
613
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„2. Two checks, one for P50,000.00 and one for P250,000.00
were deposited on April 28, 1980 after the Order of the
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into agreement with any other interested parties on a first paid first
served basis without prejudice to G.M. Management Philippines to
continue with its offer and make good the same in as an ordinary
buyer on the same first paid first served basis.
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618
„For continually presuming that the three titled lots were part of
the Drepin estate and for refusing to provisionally pass upon the
question of exclusion, did the respondent court act without or in
excess of jurisdiction or with grave abuse of discretion?
„We hold that even with such presumption and refusal, the
respondent court still acted within its jurisdiction and not with
grave abuse of discretion. After all, the jurisprudence and rule are
both to the effect that the probate court ÂmayÊ provisionally pass
upon the question of exclusion, not ÂshouldÊ. The obvious reason is
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620
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SUPREME COURT REPORTS ANNOTATED VOLUME 131 02/09/2020, 2'05 PM
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