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Alfredo C. Ramos vs. Court of Appeals, etal.

ALFREDO C. RAMOS, petitioner, vs. THE HON. COURT OF APPEALS, LOPEZ, LOCSIN, LEDESMA & CO., INC. and CMS STOCK BROKERAGE INC., respondents.

G.R. No. 41295 | 1989-12-04

D E C I S I O N


GRIá'O-AQUINO, J.:

This is a petition for review of the Court of Appeals' decision dated June 5, 1975, affirming (except the awards for damages and attorney's fees) a summary judgment for specific performance promulgated by the Court of First Instance of Rizal in favor of the private respondents.

On August 14 and 26, 1969, CMS Stock Brokerage, Inc. (or CMS) sold to Lopez, Locsin, Ledesma & Co., Inc. (or LLL) on the floor of the Makati Stock Exchange (or MSE) 2,650 shares of Benguet Consolidated Corporation for P297,650 on a delayed delivery basis of 10 to 20 days, evidenced by Exchange Contracts Nos. B-11807 and...