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Norma Sulit offered to purchase an agricultural land owned by brothers. The asking price was P700,000, but Sulit only had P25,000, which Fr. Cruz accepted as earnest money. Sulit succeeded in having Cruz execute a document of sale of the land in favor of Sanchez for P150,000. Unbeknownst to the Cruz brothers, Sulit managed to obtain a loan from Bancom secured by a mortgage over the land.
Norma Sulit offered to purchase an agricultural land owned by brothers. The asking price was P700,000, but Sulit only had P25,000, which Fr. Cruz accepted as earnest money. Sulit succeeded i…