Zenhashy's Place

REYNALDO T. COMETA and STATE INVESTMENT TRUST, INC. vs. COURT OF APPEALS, HON.GEORGE MACLIING G.R. No. 124062. January 21, 1999 Facts: 1.       Petitioner SITI extended loans in various amounts to GIDC (Guevent Industrial Development Corp), which the latter failed to pay on the dates they became due. 2.       A rehabilitation plan was agreed upon for GIDC under which it mortgaged several parcels of land to petitioner SITI. 3.       Hence, SITI foreclosed the mortgages andacquired the properties as highest bidder. 4.       Alleging irregularities in the foreclosure, GIDC filed a case but was eventually settled through a compromise agreement. 5.       A dispute later arose concerning the interpretation of the compromise agreement, as respondent HBI offered to purchase from GIDC the lot and the latter agreed but petitioner SITI (the mortgagee) refused ...

SAN JUAN STRUCTURAL AND STEEL FABRICATORS, INC. vs. COURT OF APPEALS, MOTORICH SALES CORPORATION, NENITA LEE GRUENBERG, ACL DEVELOPMENT CORP. and JNM REALTY AND DEVELOPMENT CORP. G.R. No. 129459. September 29, 1998 Facts: 1.       Plaintiff entered into an agreement with defendant Motorich Sales Corporation for the transfer to it of a parcel of land. 2.       As stipulated in the Agreement, plaintiff paid the downpayment in the sum of P100,000.00. 3.       On March 2, 1989, plaintiffwas ready with the amount corresponding to the balance. 4.       Plaintiffand defendant were supposed to meet in the officeof plaintiff but defendant treasurer, Nenita Lee Gruenberg, did not appear. 5.       Defendant despite repeated demands and in utter disregard of its commitments had refused to execute the Transfer of Rights/Deed of Assignment which is necessary to...