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Premier Insurance & Surety Corp vs I. A. Court etal

PREMIER INSURANCE & SURETY CORPORATION, petitioner, vs. HON. INTERMEDIATE APPELLATE COURT and MAURO M. CASTRO, respondents.

G.R. No. L-64143 | 1986-02-28

D E C I S I O N


GUTIERREZ, JR., J:

This is a petition to review an amended decision of the Court of Appeals, now Intermediate Appellate Court, insofar as it declared the private respondent not jointly and severally liable with Benjamin R. Sarmiento to the petitioner under an agreement and statement of warranties executed in connection with the sale of a parcel of land.

The property purchased by the petitioner is a 17,121 square meter lot in Ibayo, Parañaque covered by Transfer Certificate of Title No. 254170 in the name of Benjamin R. Sarmiento. The lot was declared for taxation purposes and covered by a certificate of payment...