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Sps. Hendrik Biesterbos, et al Vs. Hon. CA, et al

SPS. HENDRIK BIESTERBOS and ALICIA S. BIESTERBOS, petitioners, vs. HON. COURT OF APPEALS and EFREN E. BARTOLOME, respondents.

G.R. No. 152529 | 2003-09-22

D E C I S I O N

VITUG, J.:

On 18 April 1992, private respondent Efren E. Bartolome entered into a Contract to Sell with petitioners, the spouses Hendrik and Alice Biesterbos, in which Bartolome agreed to sell to the spouses Biesterbos one (1) unit of a duplex residential house and lot with an area of three hundred forty-five (345) square meters, more or less, situated at Crestwood Court Subdivision, Bakakeng Norte, Baguio City, for Two Million (P2,000,000.00) Pesos. The property was, at the time of the agreement, mortgaged to the Philippine National Bank (PNB). The contract to sell provided, among other stipulations, that -

"1. The...