The Court ruled that the option contract was unenforceable due to lack of separate consideration. The payments made (P84,000) were deemed to be advance rentals , not a separate option fee, meaning no binding option contract existed. Full Text Source
Bible Baptist Church, et al. vs. Court of Appeals, et al. Date: November 26, 2004 Subject: Property Law / Sales / Option Contract 126454
AI responses may include mistakes. For legal advice, consult a professional. Learn more The Court ruled that the option contract was
The Bible Baptist Church sought to enforce an option to buy land, arguing that payments made were a consideration for the option. not a separate option fee