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Showing posts with the label obligation and contracts

balite vs Lim

HEIRS OF THE LATE SPOUSES AURELIO AND ESPERANZA BALITE; Namely, ANTONIO T. BALITE, FLOR T. BALITE-ZAMAR, VISITACION T. BALITE-DIFUNTORUM, PEDRO T. BALITE, PABLO T. BALITE, GASPAR T. BALITE, CRISTETA T. BALITE and AURELIO T. BALITE JR.  vs. RODRIGO N. LIM G.R. No. 152168             December 10, 2004 Facts:           The spouses Aurelio and Esperanza Balite were the owners of a parcel of land. When the spuoses died intestate, and their children, the petitioners, inherited the subject property and became co-owners thereof, with Esperanza inheriting an undivided share of 9,751 square meters. Esperanza became ill and in need of money for her hospital expenses. She, through her daughter, Cristeta, offered to sell to Rodrigo Lim, her undivided share for the price of P1M. Esperanza and Rodrigo agreed that, under the "Deed of Absolute Sale", to be executed by Esperanza over the property...

Rural bank of sta maria vs ca

RURAL BANK OF STA. MARIA, PANGASINAN vs. THE HONORABLE COURT OF APPEALS, ROSARIO R. RAYANDAYAN, CARMEN R. ARCEÑO G.R. No. 110672 September 14, 1999 Facts:           A parcel of land is registered in the name of Manuel Behis, married to Cristina Behis. Said land originally was part of a bigger tract of land owned by Behis, father of Manuel Behis. And upon the latter's death, his children, namely: Saro Behis, Marcelo Behis, Manuel Behis, Lucia Behis, Clara Behis and Arana Behis, in an extrajudicial settlement with Simultaneous Sale of Inheritance, agreed to sell the land to Manuel Behis, married to Cristina Behis but which subsequently was explained as only an arrangement adopted by them to facilitate transactions over the land in a Confirmation of Rights of Co-Ownership over real Property, showing that the Behis brothers and sisters, including Manuel Behis, are still co-owners thereof. Manuel Behis mortgaged said land in favor of the Bank in a...

RUIZ VS CA

CORAZON G. RUIZ vs. COURT OF APPEALS and CONSUELO TORRES G.R. No. 146942             April 22, 2003 Facts:           Petitioner Corazon G. Ruiz is engaged in the business of buying and selling jewelry.4 She obtained loans from private respondent Consuelo Torres on different occasions, in the following amounts: P100,000.00; P200,000.00; P300,000.00; and P150,000.00.5 Prior to their maturity, the loans were consolidated under one (1) promissory note. The consolidated loan of P750,000.00 was secured by a real estate mortgage and the lot was registered in the name of petitioner.           Thereafter, petitioner obtained three (3) more loans from private respondent, and it was secured by three promissory notes in the amount of 100,000 each. These combined loans of P300,000.00 were secured by P571,000.00 worth of jewelry pledged by petitioner to...

LIM VS CA, TAN

MARIANO T. LIM, JAIME T. LIM, JOSE T. LIM, JOVITA T. LIM, ANACORITA T. LIM, ET AL. vs. COURT OF APPEALS, LORENZO O. TAN and HERMOGENES O. TAN G.R. No. L-55201          February 3, 1994 Facts:           The case involves the partition of the properties of the deceased spouse Tan Quico and Josefa Oraa. Both died intestate. They left some ninety six (96) hectares of land. The late spouses were survived by four (4) children: Cresencia, Lorenzo, Hermogenes and Elias. Elias died without issue. Cresencia died also. She was survived by her husband, Lim Chay Sing, 4 and children, Mariano, Jaime, Jose Jovita, Anacoreta, Antonietta, Ruben, Benjamin and Rogelio. The late Cresencia and Lorenzo had contrasting educational background. Cresencia only reached the second grade of elementary school. She could not read or write in English. On the other hand, Lorenzo is a lawyer and a CPA. Petitioners, heirs of Cresenc...

UNIVERSAL ROBINA VS TEVES

TUNIVERSAL ROBINA SUGAR MILLING CORPORATION vs. HEIRS OF ANGEL TEVES G. R. No. 128574    September 18, 2002 Facts:           Andres Abanto's heirs executed an “Extrajudicial Settlement of the Estate of the Deceased Andres Abanto and Simultaneous Sale.”[2] In this document, Abanto's heirs adjudicated unto themselves the two lots and sold the (a) unregistered lot of 193,789 square meters to the United Planters Sugar Milling Company, Inc. (UPSUMCO), and (b) the registered lot covered by TCT No. H-37 to Angel M. Teves, for a total sum of P115,000.00.  The sale was not registered.           Out of respect for his uncle Ignacio Montenegro, who was UPSUMCO's founder and president, Teves verbally allowed UPSUMCO to use the lot covered by TCT No H-37 for pier and loading facilities, free of charge subject to the condition that UPSUMCO shall shoulder the payment of real property taxes and...