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Sps. Emilioand Milagros Abinujar Vs. Court Of Appeals, Et Al.

SPOUSES EMILIO ABINUJAR and MILAGROS M. LANA, petitioners, vs. THE COURT OF APPEALS and SPOUSES SANTIAGO RAMIRO and FLORENTINA RAMIRO, respondents.

G.R. No. 104133 | 1995-04-18

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 of the Decision dated December 27, 1991 and the Resolution dated February 11, 1992 of the Court of Appeals in CA-G.R. SP No. 24683.

I
On October 10, 1987, petitioners executed a Deed of Sale with Right to Repurchase in favor of private respondents, involving a residential house located at No. 346 Algeciras St., Sampaloc, Manila. Due to serious financial and business reverses, petitioners were not able to redeem the property within four months as agreed upon.

On October 24, 1989, private respondents filed a complaint for...