Mr. Ayco offered to sell his land to Mr. Cruz for ₱300,000. Mr. Cruz accepted the offer and paid Mr. Ayco the purchase price. Mr. Ayco delivered the owner's duplicate of the Transfer Certificate of title of the land. Mr. Cruz wants to register the land in his name but the Register of Deeds asks Mr. Cruz for the Deed of Sale. What can Mr. Cruz do?

Question

Quizplus · Accepted Answer

In this scenario, Mr. Cruz can compel Mr. Ayco to execute the Deed of Sale because the contract of sale is valid. The payment of the purchase price and the delivery of the owner's duplicate of the Transfer Certificate of Title are indicative of a consummated sale. However, for registration purposes and to formalize the transfer of ownership in public records, a Deed of Sale is required by the Register of Deeds.

Mr Ayco Offered to Sell His Land to Mr