Richard sold a large parcel of land in Cebu to Leo for P100million…

Question Answered step-by-step Richard sold a large parcel of land in Cebu to Leo for P100million… Richard sold a large parcel of land in Cebu to Leo for P100 million payable in annual installments over a period of ten years, but title will remain with Richard until the purchase price is fully paid. To enable Leo to pay the price, Richard gave him a power-of-attorney authorizing him to subdivide the land, sell the individual lots, and deliver the proceeds to Richard, to be applied to the purchase price. Five years later, Richard revoked the power of attorney and took over the sale of the subdivision lots himself. Is the revocation valid or not? Why? Business Management Business Law LAW 575 Share QuestionEmailCopy link Comments (0)