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Heirs of Augusto Salas Jr. vs Laperal Realty Corporation

HEIRS OF AUGUSTO L. SALAS, JR., namely: TERESITA D. SALAS for herself and as legal guardian of the minor FABRICE CYRILL D. SALAS, MA. CRISTINA S. LESACA, and KARINA TERESA D. SALAS, petitioners, vs. LAPERAL REALTY CORPORATION, ROCKWAY REAL ESTATE CORPORATION, SOUTH RIDGE VILLAGE, INC., MAHARAMI DEVELOPMENT CORPORATION, Spouses THELMA D. ABRAJANO and GREGORIO ABRAJANO, OSCAR DACILLO, Spouses VIRGINIA D. LAVA and RODEL LAVA, EDUARDO A. VACUNA, FLORANTE DE LA CRUZ, JESUS VICENTE B. CAPELLAN, and the REGISTER OF DEEDS FOR LIPA CITY, respondents.

G.R. No. 135362 | 1999-12-13

D E C I S I O N

DE LEON, JR., J.:

Before us is a petition for review on certiorari of the Order of Branch 85 of the Regional Trial Court of Lipa City2 dismissing petitioners' complaint3 for rescission of several sale transactions involving land owned by Augusto L. Salas, Jr., their predecessor-in-interest, on the ground that they failed to first resort to arbitration.

Salas, Jr. was the registered owner of a vast tract of land in Lipa City, Batangas spanning 1,484,354 square meters.

On May 15, 1987, he entered into an Owner-Contractor Agreement4 (hereinafter referred to as the Agreement) with respondent Laperal Realty Corporation...