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Gauvain Benzonan, Et Al. Vs. Court Of Appeals, Et Al.

SPOUSES GAUVAIN and BERNARDITA BENZONAN, petitioners, vs. COURT OF APPEALS, BENITO SALVANI PE and DEVELOPMENT BANK OF THE PHILIPPINES, respondents.

G.R. No. 97973 | 1992-01-27

D E C I S I O N


GUTIERREZ, JR., J.:

This is a petition to review the August 31, 1990 decision of the Court of Appeals which sustained the right of respondent Benito Salvani Pe to repurchase a parcel of land foreclosed by petitioner Development Bank of the Philippines (DBP) and sold to petitioners Gauvain and Bernardita Benzonan.

Respondent Pe is a businessman in General Santos City who owns extensive commercial and agricultural properties. He is the proprietor of the firm 'Dadiangas B.P. Trading." One of the properties he acquired through free patents and miscellaneous sales from the Bureau of Lands is a 26,064 square meters parcel...