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Hacienda Benito vs. Intermediate Appellate Court

HACIENDA BENITO, INC., ROBERT O. PHILLIPS & SONS, INC., LAS ROCAS TENNIS & COUNTRY CLUB, INC. and MAGDALENA YSMAEL-PHILLIPS, petitioners, vs. INTERMEDIATE APPELLATE COURT and VALLEY LAND RESOURCES, INC., respondents.

G.R. No. 75297 | 1987-08-12

D E C I S I O N


GUTIERREZ, JR., J.:

This is a petition to review the decision of the Intermediate Appellate Court, now Court of Appeals, in AC-G.R. No. SP-02790, which affirmed the three orders dated November 9, 1983 of Judge Pastor T. Reyes, Presiding Judge of Branch 166 of the Regional Trial Court of the National Capital Region (Pasig), in Civil Case No. 35014.

On May 18, 1977, petitioner Hacienda Benito, Inc., and private respondent Valley Resources, Inc. entered into a "Mutual Agreement" wherein the former sold to the latter parcels of land, roads including road rights, land covered by installment contracts, receivables, and...