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Reva Raz vs. Intermediate Appellate Court, et al.

REVA RAZ, petitioner, vs. THE INTERMEDIATE APPELLATE COURT, FOURTH CIVIL CASES DIVISION and ENCARNACION VILLANUEVA, respondents.

G.R. No. 73010 | 1990-04-27

D E C I S I O N


CRUZ, J.:

The subject of this petition is a Conditional Assignment of Rights and Interests over a Foreclosure Judgment entered into between petitioner Reva Raz and the original private respondent herein, Encarnacion Villanueva, on August 7, 1972. 1

The said judgment was rendered in favor of Villanueva on February 5, 1969, and ordered the defendants therein to pay her the amount of P35,000.00, with 12% per annum interest from August 7, 1965, and other amounts, in default of which the property subject of the proceeding would be sold at public auction to satisfy the amounts owing her. 2 This property was a parcel of land...