A sold his house and lot to B worth ₱1M for ₱100,000.00. Is the sale valid?

Name: A sold his house and lot to B worth ₱1M for ₱100,000.00. Is the sale valid?
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

The sale is valid even if there is gross inadequacy of price, as the law does not invalidate a contract based on the fairness of the price agreed upon by the parties, unless there are other grounds such as fraud, mistake, or undue influence that could make the contract voidable or void.

A Sold His House and Lot to B Worth ₱1M