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Limketkai Sons Milling, Inc. Vs. Court Of Appeals, Et Al.

LIMKETKAI SONS MILLING, INC., petitioner, vs. COURT OF APPEALS, BANK OF THE PHILIPPINE ISLANDS and NATIONAL BOOK STORE, respondents.

G.R. No. 118509 | 1995-12-01

D E C I S I O N


MELO, J.:

The issue in the petition before us is whether or not there was a perfected contract between petitioner Limketkai Sons Milling, Inc. and respondent Bank of the Philippine Islands (BPI) covering the sale of a parcel of land, approximately 3.3 hectares in area, and located in Barrio Bagong Ilog, Pasig City, Metro Manila.

Branch 151 of the Regional Trial Court of the National Capital Region stationed in Pasig ruled that there was a perfected contract of sale petitioner and BPI. It stated that there was mutual consent between the parties; the subject matter is definite; and the consideration was determined. It...