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Prudence Realty And Development Corporation Vs. Court Of Appeals, Et Al.

PRUDENCE REALTY AND DEVELOPMENT CORPORATION, petitioner, vs. THE COURT OF APPEALS, HON. NORBERTO Y. GERALDEZ, in his capacity as Presiding Judge RTC, Branch 36, Calamba, Laguna, PAULINA GONZALES-HABANA, respondent.

G.R. No. 110274 | 1994-03-21

D E C I S I O N


CRUZ, J.:

On July 29, 1979, Paulina Gonzales Habana sold three parcels of land covering an area of 10.36 has. to Prudence Realty and Development Corporation for P2,279,398.00.

On September 2, 1980, the Corporation filed an action for the rescission of the contract. On September 21, 1982, the then Court of First Instance of Manila rendered judgment in accordance with a compromise agreement reached by the parties and approved by the court. 1 The agreement was embodied in the judgment.

On February 19, 1990, Habana instituted an action with the Regional Trial Court of Calamba for the declaration of nullity of the...