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CKH Industrial & Development Corp., et al. vs. Court of Appeals, et al.

CKH INDUSTRIAL AND DEVELOPMENT CORPORATION and RUBI SAW, petitioners vs. THE COURT OF APPEALS, (FORMER 13TH DIVISION), THE REGISTER OF DEEDS OF METRO MANILA DISTRICT III (VALENZUELA), CENTURY-WELL PHIL. CORPORATION, LOURDES CHONG, CHONG TAK KEI and UY CHI KIM, respondents.

G.R. No. 111890 | 1997-05-07

D E C I S I O N


TORRES, JR., J.:

The present petition springs from a civil action instituted by herein petitioners, to rescind and/or annul the sale of two parcels of land, from petitioner CKH Industrial and Development Corporation (CKH, for brevity) to private respondent Century-Well Phil. Corporation (Century-Well, for brevity), for failure to pay the stipulated price of P800,000.00.

Petitioners specifically assail the Decision 1 of the respondent Court of Appeals, which denied the annulment of the sale. The appellate court found that there was payment of the consideration by way of compensation, and ordered petitioners to pay moral...