1'ERRLNOUD et at. v. SALAS. 2 administered by this court does not admit of equity practice as a separate and distinct branch of jurisprudence. Common law does not exist in the Republic of Panama, nor are judicial decisions within the Republic of anly binding force. (See Article 17, Colombian Code). This article and the rule laid down by the same must be understood to apply only to the decisions of the courts of the Republic of Panama" and not to decisions made by the Supreme Court of the Canal Zone. Again, the statute regulates such transactions as set forth in the pleadings in this cause, and the statute is mandatory and must be followed. It appears, without contradiction, that neither at the expiration of the ten months, nor at the expiration of the six months, nor, indeed, at any time before the commencement of this suit, did the plaintiff pay or tender to the defendant either the $2,800.00 or the $5,000.00. Failing to do that at the times set forth, he loses ipso facto his right, and the defendant has the right de facto to take charge of the property for the reason that the statute makes the document, whether you consider No. 125 or No. 100, absolute and irrevocable. I concur, with His Honor, the Chief justice, that the judgment of the lower court must be sustained, yet I cannot concur with him that document No. 125 is enforceable and that document No. 100 is null and void. The judgment of the court below is affirmed. Affirmed. 29