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Question
Ramon, a Filipino citizen, owns a parcel of land in Palawan titled in his name. He sells the land to Atlas Ridge Corp, a corporation 70% Filipino-owned and 30% foreign-owned. The deed of sale is executed in Milan, Italy under Italian law and is not notarized or acknowledged in the Philippines; the parties intend to register the sale in the Philippines upon Ramon's return. (a) Identify the controlling doctrine and the primary rule it establishes for lands situated in the Philippines. (b) Under this doctrine, is Atlas Ridge Corp able to acquire title by the Milan-deed? Explain briefly why or why not, focusing on the law governing transfer and the status of land ownership by aliens, including through corporations. (c) If the same Milan-deed were presented for registration in the Philippines, what is the likely result and why?