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	GR No. 183612 2010-03-15	POLYTECHNIC UNIVERSITY OF PHILIPPINES v. GOLDEN HORIZON REALTY CORPORATION VILLARAMA, JR., J.
When a lease contract contains a right of first refusal, the lessor has the legal duty to the lessee not to sell the leased property to anyone at any price until after the lessor has made an offer to sell the property to the lessee and the lessee has failed to accept it. Only after the lessee has failed to exercise his right of first priority could the lessor sell the property to other buyers under the same terms and conditions offered to the lessee, or under terms and conditions more favorable to the lessor. [30]
	GR NO. 154493 2006-12-06	REYNALDO VILLANUEVA v. PHILIPPINE NATIONAL BANK AUSTRIA-MARTINEZ, J.
On June 28, 1990, petitioner made an offer to buy Lot No. 17 and Lot No. 19 for an aggregate price of P3,677,000.00. It is noted that this offer exactly corresponded to the April 1989 invitation to bid issued by respondent in that the proposed aggregate purchase price for Lot Nos. 17 and 19 matched the advertised floor prices for the same properties. However, it cannot be said that the June 28, 1990 letter of petitioner was an effective acceptance of the April 1989 invitation to bid for, by its express terms, said invitation lapsed on April 27, 1989.[28] More than that, the April 1989 invitation was subject to the condition that all sealed bids submitted and accepted be approved by respondent's higher authorities.