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Jose T. Valenzuela Vs. Jose I. Bakani 093 Phil 672

JOSE T. VALENZUELA, ETC., plaintiff-appellant, vs. JOSE I. BAKANI, defendant-appellee; FLORENCIO H. ARAULLO, intervenor-appellant.

G.R. No. L-4689 | 1953-08-31

D E C I S I O N


PARAS, C.J.:

On May 8, 1938, Jose T. Valenzuela sold to Jose I. Bakani, for the sum of P13,490.00, eight parcels of land situated in the municipalities of Guagua and Lubao, province of Pampanga, and covered by original certificates of title Nos. 21839, 21840, 21848 and 21850 of the Registry of Deeds of Pampanga, Valenzuela reserving to himself the right to repurchase within seven years for the same consideration, and to remain on the land as lessee at an annual rental of P1,100 beginning May 1939. On May 22, 1943, Valenzuela and Bakani executed another agreement extending the period of repurchase to ten years from May...