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Bonifacio Mercado Vs. Paulo M. Mercado

BONIFACIO MERCADO, plaintiff-appellant, vs. PAULO M. MERCADO, defendant-appellee.

G.R. No. L-14461 | 1960-08-29

D E C I S I O N


CONCEPCION, J.:

On August 29, 1944, plaintiff, Bonifacio Mercado, executed, a "Deed of sale of Real Property with right to Repurchase", whereby, in consideration of the sum of P5,000.00, in Japanese war notes then paid to him, he ceded, transferred and conveyed to defendant Paulo M. Mercado a parcel of land, situated in the barrio of Macarang, municipality of Palawig, province of Zambales, and more particularly described in said instrument, subject to redemption at "any time within the period of ten years from this date for the same amount of P5,000.00 . . ." Sometime before July 10, 1954, plaintiff offered to redeem...