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Simplicio A. Palanca Vs. Court Of Appeals, Et Al.

SIMPLICIO A. PALANCA, petitioner, vs. COURT OF APPEALS (SPECIAL FORMER ELEVENTH DIVISION), and EDGARDO S. SANICAS, represented by his Attorney-in-Fact, JOSE S. SANICAS, respondents.

G.R. No. 106685 | 1994-12-02

D E C I S I O N


QUIASON, J.:

This is a petition for review on certiorari under Rule 45 of the Revised Rules of Court to set aside the Decision of the Court of Appeals in CA-G.R. CV No. 20245 and its Resolution dated August 12, 1992 denying the motion for reconsideration of said decision.

We deny the petition.

I
On January 22, 1977, petitioner, as vendor, and Jose S. Sanicas, as vendee, entered into a Contract to Sell on Installment of a parcel of land covered by TCT No. T-6771766. Under the terms of the contract, private respondent agreed to pay petitioner the amount of P9,851.00 as downpayment and the balance of P88,659.00 in 120...