When was the contract of sale of land perfected?

When was the contract of sale of land perfected?

• A. March 1, 2022
• B. March 2, 2022
• C. March 3, 2022
• D. March 4, 2022

Answer: (C)

Perfection happens the moment there is a meeting of the minds on the essential terms—what is being sold and the price. For a contract of sale of land, this means both parties must agree on the land (the object) and the amount to be paid, even if the deed isn’t prepared yet or the title hasn’t been transferred. Formalities like a public instrument and registration matter for enforceability against third parties and for transferring ownership, but they don’t determine when perfection occurs. If the parties reached agreement on March 3, 2022, that is when the contract becomes perfected; the other dates don’t reflect that moment of consent.

Perfection happens the moment there is a meeting of the minds on the essential terms—what is being sold and the price. For a contract of sale of land, this means both parties must agree on the land (the object) and the amount to be paid, even if the deed isn’t prepared yet or the title hasn’t been transferred. Formalities like a public instrument and registration matter for enforceability against third parties and for transferring ownership, but they don’t determine when perfection occurs. If the parties reached agreement on March 3, 2022, that is when the contract becomes perfected; the other dates don’t reflect that moment of consent.