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Adelfa Properties, Inc. vs. Court of Appeals

ADELFA PROPERTIES, INC., petitioner, vs. COURT OF APPEALS, ROSARIO JIMENEZ-CASTANEDA and SALUD JIMENEZ, respondents.

G.R. No. 111238 | 1995-01-25

D E C I S I O N

REGALADO, J.:

The main issues presented for resolution in this petition for review on certiorari of the judgment of respondent Court of Appeals, dated April 6, 1993, in CA-G.R. CV No. 34767 1 are (1) whether of not the "Exclusive Option to Purchase" executed between petitioner Adelfa Properties, Inc. and private respondents Rosario Jimenez-Castañeda and Salud Jimenez is an option contract; and (2) whether or not there was a valid suspension of payment of the purchase price by said petitioner, and the legal effects thereof on the contractual relations of the parties.

The records disclose the following...