May Ed successfully sue Juan for damages

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Juan offered to sell for P500,000.00 his only car to Ed who was interested to buy it. In his letter, Juan said that he was giving Ed ten (10) days within which to raise that amount and as soon as Ed is ready, they will sign the deed of sale. On the following day, Juan sold the car to Boy. Afterwards, Ed tendered payment to Juan for P500,000.00. The latter refused, explaining that he had already sold the car to Boy. May Ed successfully sue Juan for damages?

Reference no: EM133576171

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