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Investment & Dev't Inc vs Court of Appeals, etal.

INVESTMENT & DEVELOPMENT, INC., petitioner, vs. COURT OF APPEALS, RAYMUNDO GATPAYAT, AGENCIA DE EMPENOS DE AGUIRRE, and AGUIRRE INCORPORATED, respondents.

G.R. No. L-51377 | 1988-06-27

D E C I S I O N


GUTIERREZ, JR., J.:

This petition seeks a modification of the decision of the Court of Appeals which affirmed in toto that of the Court of Agrarian Relations, Seventh Regional District, Branch I, Pasig, Rizal insofar as the complaint against Raymundo Gatpayat was ordered dismissed.

The facts of the case are not disputed.

On January 14, 1965, private respondent Raymundo Gatpayat sold the land subject matter of this case to petitioner Investment and Development, Inc. (IDI) for P122,769.50 payable in three installments of P36,830.85, P24,533.90 and P61,384.75, the last amount to be paid within one year from and after the...