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Sps. Cesar & Elvira Raet, et al. Vs. CA, et al.

SPOUSES CESAR AND ELVIRA RAET AND SPOUSES REX AND EDNA MITRA, petitioners, vs. COURT OF APPEALS, PHIL-VILLE DEVELOPMENT & HOUSING CORPORATION, GERONIMA G. QUE AND CAROLINA Q. VILLONGCO, respondents.

G.R. No. 128016 | 1998-09-17

D E C I S I O N


MENDOZA, J.:

In 1984, petitioners Cesar and Elvira Raet (the spouses Raet) and petitioners Rex and Edna Mitra (the spouses Mitra) negotiated with Amparo Gatus concerning the possibility of buying the rights of the latter to certain units at the Las Villas de Sto. Niño Subdivision in Meycauayan, Bulacan.1 [Rollo, p.37.] This subdivision was developed by private respondent Phil-Ville Development and Housing Corporation (PVDHC) primarily for parties qualified to obtain loans from the Government Service Insurance System (GSIS).2 [Comment, p. 2.] The spouses Raet and the spouses Mitra paid Gatus the total amounts of...