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Enriqiue T. Yuchengco, Inc. vs. Conrado M. Velayo

ENRIQUE T. YUCHENGCO, INC., A. T. YUCHENGCO, INC., ANNABELLE Y. PUEY and MONA LISA Y. ABAYA, plaintiffs-appellees, vs. CONRADO M. VELAYO, defendant-appellant.

G.R. No. L-50439 | 1982-07-20

D E C I S I O N


DE CASTRO, J.:

This case is certified to Us by the Court of Appeals in its Resolution dated March 6, 1976, on the ground that it involves purely question of law, as raised in the appeal of the decision of the Court of First Instance of Rizal (Pasig Branch) in Civil Case No. 21031, the dispositive portion of which reads as follows:

"FROM THE FOREGOING, this Court rules that the Stock Purchase Agreement, Exhibit "A", is not merely annulable, but null and void ab initio, and it is hereby so declared, and as a consequence, defendant is ordered to return to the plaintiffs the sum of P367,500.00 together with its interests at...