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SPS. JORGE NAVARRA AND CARMELITA BERNARDO NAVARRA AND RRRC DEVELOPMENT CORPORATION v. PLANTERS DEVELOPMENT BANK

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GR No. 173622
2013-03-11
ROBERN DEVELOPMENT CORPORATION v. PEOPLE’S LANDLESS ASSOCIATION
DEL CASTILLO, J.
A contract of sale is perfected at the moment there is a meeting of minds upon the thing which is the object of the contract and upon the price.[48]  Thus, for a contract of sale to be valid, all of the following essential elements must concur: "a) consent or meeting of the minds; b) determinate subject matter; and c) price certain in money or its equivalent."[49]
GR No. 174286
2009-06-05
TRADERS ROYAL BANK v. CUISON LUMBER CO.
BRION, J.
The recent Navarra v. Planters Development Bank[25] is another case where we saw no perfected contract, as the offer was incomplete for lack of agreed details on the manner of paying the purchase price; there was also no acceptance as the letter of Planters Development Bank indicated the need to discuss other details of the transaction.