Philippine Supreme Court: Acknowledgment Receipt Must Show Intent to Transfer Ownership to Qualify as Sale
July 03, 2025
July 03, 2025
MANILA, Philippines, July 3 -- The Supreme Court of the Philippines issued the following news release:
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SC: Acknowledgment Receipt Must Show Intent to Transfer Ownership to Qualify as Sale
The Supreme Court (SC) has ruled that an acknowledgment receipt cannot be considered a contract of sale unless it clearly shows that the seller intends to transfer ownership of the property to the buyer.
In a decision written by Associate Justice Maria . . .
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SC: Acknowledgment Receipt Must Show Intent to Transfer Ownership to Qualify as Sale
The Supreme Court (SC) has ruled that an acknowledgment receipt cannot be considered a contract of sale unless it clearly shows that the seller intends to transfer ownership of the property to the buyer.
In a decision written by Associate Justice Maria . . .