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Development Bank of the Philippines vs. Court of Appeals, et al. 96 SCRA 342

DEVELOPMENT BANK OF THE PHILIPPINES, petitioner, vs. THE COURT OF APPEALS, HON. HERMOGENES CALUAG, Judge of the Court of First Instance of Rizal, and SPOUSES HONESTO G. NICANDRO and ELISA F. NICANDRO, respondents.

G.R. No. L-28774 | 1980-02-28

D E C I S I O N

ANTONIO, J.:

Petition for certiorari to set aside the decision of the Court of Appeals, 1 dated February 29, 1968, in Honesto G. Nicandro, et al. v. Development Bank of the Philippines and People's Homesite and Housing Corporation (CA-G.R. No. 34518-R), affirming the decision of the trial court in Civil Case No. Q-6091. 

The facts are summarized as follows: 

On March 18, 1955, the Board of Governors of petitioner-appellant DBP (hereinafter referred to as petitioner or simply DBP for brevity and convenience), Under its Resolution No. 2004, appropriated the sum of P1,204,000.00 to purchase land for a housing project...