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Odyssey Park, Inc. vs. Court Of Appeals, et al.

ODYSSEY PARK, INC., petitioner vs. HONORABLE COURT OF APPEALS and UNION BANK OF THE PHILIPPINES, respondents.

G.R. No. 107992 | 1997-10-08

D E C I S I O N

VITUG, J:

Assailed in the instant petition for review on certiorari is the decision, dated 07 September 1992, of the Court of Appeals affirming that of the Regional Trial Court, Branch 152 of Pasig, Metro Manila, which has adjudged the contract to sell entered into between petitioner and private respondent as having been validly rescinded.

The Court adopts the factual findings, hereunder narrated, of the appellate court:

"1. On November 4, 1981, Bancom Development Corporation and plaintiff-appellant Odyssey Park, Inc., entered into a Contract to Sell (Exhibit B-1), whereby the former agreed to sell to the latter the...