Legal Question in Real Estate Law in Philippines
A authorized B to sell his land at 1000.00 pesos per square meter promising him 5% commission. B found a buyer, C, who wanted to pay only 900.00 pesos per square meter. A refused to sell and informed B that his authority will be withdrawn. B asked for one more day to find a buyer, which A granted. B failed to find a buyer, so A informed B that he was cancelling his authority. Three months later, C contacted A and the two were able to agree on the sale. Upon learning of this sale, B sued A for his commission alleging that the sale was made through his efforts. Will the action prosper? Why or why not?
Asked on 3/21/13, 4:23 am
1 Answer from Attorneys
VOLTAIRE T. DUANO
VOLTAIRE T. DUANO LAW OFFICE
If there is bad faith B can only sue for damages.
Answered on 3/24/13, 5:08 am