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Sps Lorenzo & Lorenza Francisco vs CA & Bienvenido Mercado

SPOUSES LORENZO G. FRANCISCO and LORENZA D. FRANCISCO, petitioners, vs. HONORABLE COURT OF APPEALS, and BIENVENIDO C. MERCADO, respondents.

G.R. No. 118749 | 2003-04-25

D E C I S I O N

CARPIO, J.:

The Case

Before this Court is a petition for review[1] assailing the Decision[2] of 21 November 1994 as well as the Resolution of 17 January 1995 of the Court of Appeals in CA-G.R. CV No. 34084. The Court of Appeals upheld the Decision of 10 June 1991 of the Regional Trial Court[3] of San Fernando, Pampanga, in Civil Case No. 7909 rescinding the subdivision development contract between the parties and awarding damages to respondent Bienvenido C. Mercado.

Antecedent Facts

On 3 February 1984, the spouses Lorenzo and Lorenza Francisco ("petitioners") and Engineer Bienvenido C. Mercado ("respondent") entered into a...