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Borromeo vs. Court of Appeals, et al

JUAN T. BORROMEO, petitioner, vs. COURT OF APPEALS, EMMANUEL B. AZNAR, ALMA AZNAR and JOSE B. AZNAR, respondents.

G.R. No. L-31342 |

D E C I S I O N

BARREDO, J:

Cross-petitions for the review of the per curiam resolution of the Court of Appeals in CA-G.R. No. 30092-R. Juan T. Borromeo etc. vs. Emmanuel B. Aznar, et al., dated November 19, 1969 which reversed entirely its previous decision of January 30, 1968 thereby ultimately holding that the transactions in question are equitable mortgages instead of absolute sales of real properties and granting the heirs of the deceased Simeon Rallos a period of one year from the finality of the resolution within which to effect a redemption of said properties, without prejudice to the right of the opposing party to foreclose the...