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First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.
SJ Burton and MA Eisenberg, Contract Law: Selected Source Materials Annotated (2011) RE Barnett, The Oxford Introductions to U.S. Law: Contracts (2010). MA Chirelstein, Concepts and Case Analysis in the Law of Contracts (6th edn 2010) EA Farnsworth, Contracts (2008) LL Fuller, MA Eisenberg and MP Gergen Basic Contract Law (9th edn 2013)
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...
Foreign buyers will be restricted as of July 1 under the provisions of the law from purchasing properties near critical infrastructures or military compounds. If any owner or real estate agent ...
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A 1947 Military Bases Agreement [51] gave the United States a 99-year lease on a number of Philippine military and naval bases in which U.S. authorities had virtual territorial rights. [52] In August 1951, a mutual defense treaty (MDT) was signed between representatives of the Philippines and the United States.
AFP Southern Command (SouthCom) is a defunct unified command of the Armed Forces of the Philippines.It was the largest command under AFP during its existence. It covers entire island of Mindanao, the Sulu Archipelago, Celebes Sea, Sulu Sea, and Southern part of Philippine Sea.