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Development Bank Of The Philippines Vs. Court Of Appeals

DEVELOPMENT BANK OF THE PHILIPPINES, petitioner, vs. COURT OF APPEALS, CELEBRADA MANGUBAT and ABNER MAGUBAT, respondents.

G.R. No. 110053 | 1995-10-16

D E C I S I O N


REGALADO, J.:

This appeal by certiorari sprouted from the judgment of respondent Court of Appeals promulgated on September g, 1992 in CA-G.R. CV No. 28311, and its resolution dated April 7, 1993 denying petitioner's motion for reconsideration. 1 Said adjudgments, in turn, were rooted in the factual groundwork of this case which is laid out hereunder.

On July 20, 1981, herein petitioner Development Bank of the Philippines (DBP) executed a "Deed of Absolute Sale" in favor of respondent spouses Celebrada and Abner Mangubat over a parcel of unregistered land identified as Lot 1, PSU-142380, situated in the Barrio of Toytoy,...