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Pilar T. Ocampo Vs. Court Of Appeals Et Al

PILAR T. OCAMPO, petitioner, vs. COURT OF APPEALS and MAGDALENA S. VILLARUZ, respondents.

G.R. No. 97442 | 1994-06-30

DECISION


BELLOSILLO, J.:

Two (2) documents, an "Agreement to Sell Real Property" and a "Contract to Sell," covering the same parcel of land were executed by a seller in favor of two (2) different buyers. Both buyers now assert against each other a better title to the property.

In dispute is an 18,260-square meter lot in the Poblacion of Tigbauan, Iloilo, described in Plan Psu-223696, L.R.C. Case No. N-675, L.R.C. Record No. N-38846, and registered under Original Certificate of Title No. 0-7743 in the name of seller Severino Tolosa. On 20 August 1974, Tolosa mortgaged the land to the Philippine Veterans Bank and had the encumbrance...