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FAR EASTERN UNIVERSITY-Institute of Accounts Business and Finance LAW 1301 Assignment 3 Problem

B, C, D, and E have the right to exercise legal redemption over the share of land that was conveyed from A to X. As adjoining owners, B, C, D, and E have preference over X, a non-adjoining rural landowner, according to Article 1619. Legaspi should be allowed to redeem the urban lot that was sold to Aguilar. As an adjoining lot owner, Legaspi had interest in purchasing the lot since part of her house was situated on the lot. The guaranty that B is responsible for A's solvency lasts 5 years from the date of assignment, which is August 8, 2024, according to Article 1629 which provides a 5 year period

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181 views

FAR EASTERN UNIVERSITY-Institute of Accounts Business and Finance LAW 1301 Assignment 3 Problem

B, C, D, and E have the right to exercise legal redemption over the share of land that was conveyed from A to X. As adjoining owners, B, C, D, and E have preference over X, a non-adjoining rural landowner, according to Article 1619. Legaspi should be allowed to redeem the urban lot that was sold to Aguilar. As an adjoining lot owner, Legaspi had interest in purchasing the lot since part of her house was situated on the lot. The guaranty that B is responsible for A's solvency lasts 5 years from the date of assignment, which is August 8, 2024, according to Article 1629 which provides a 5 year period

Uploaded by

Maryrose Sumulong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FAR EASTERN UNIVERSITY-Institute of Accounts Business and Finance

LAW 1301

ASSIGNMENT 3

Problem
1. A, B, and C are co-owners in equal shares of a one-hectare rural land, the adjoining
owner to which are D and E, the latter owning the smaller area. A donated his share
of the land owned in common to X who is a rural land owner. Upon proper notice of
the conveyance, B, C, D, and E sought to exercise the right of legal redemption over
the share conveyed. Who among them, if any, should be preferred? Why? (See Art.
1619).

Fidela Legaspi v. Court of Appeals, et al.


L-39877, Feb. 20, 1976

2. FACTS: An urban lot, owned by a certain Pestejos, was sold to a certain Aguilar, an
adjacent lot owner, although another adjoining lot owner, Legaspi, had offered to buy
the same lot. Legaspi was interested in the purchase of Pestejos’ lot, because a portion
of her (Legaspi’s) house was standing on a part of Pestejos’ lot. After the sale to
Aguilar, Legaspi tried to redeem the lot by offering a reimbursement of the purchase
price. The offer was refused.

Issue: Should redemption by Legaspi be allowed?

3. A owes B. B assigns the credit to C. B is in good faith. It was agreed that B would be
responsible for A’s solvency. The parties did not agree on the duration of the liability.
If the debt was due Jul. 6, 2019 and the assignment was made Aug. 8, 2019, until
when is the guaranty? (See Art. 1629)

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