FACTS:
Two parcels of land owned by Restituto Vda. De Gordon were sold by City Treasurer of Quezon City in a public auction to respondent Rosario Duazon because of unpaid taxes subject to redemption. The lands sold have assessed value of P16,800 and were sold for only P10,500.
Petitioner fails to redeem the property within the one year period. She contends that the sale is void because of inadequacy of price.
ISSUE:
WON the price for the lands is inadequate so as to render the sale invalid.
HELD:
Alleged gross inadequacy of price is not material "when the law gives the owner the right to redeem as when a sale is made at public auction, upon the theory that the lesser the price the easier it is for the owner to effect the redemption.
Sunday, October 3, 2010
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