This case has been cited 1 times or more.
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2009-06-22 |
NACHURA, J. |
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| Interpreting this provision, we have enumerated the requisites for the exercise of legal redemption, as follows: (1) there must be co-ownership; (2) one of the co-owners sold his right to a stranger; (3) the sale was made before the partition of the co-owned property; (4) the right of redemption must be exercised by one or more co-owners within a period of thirty days to be counted from the time he or they were notified in writing by the co-owner vendor; and (5) the vendee must be reimbursed the price of the sale.[38] With respect to the written notice, the exception is when a co-owner has actual notice of the sale.[39] | |||||