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Frank Liu vs Alfredo Loy, Jr., et al

FRANK N. LIU, deceased, substituted by his surviving spouse Diana Liu, and children, namely: Walter, Milton, Frank, Jr., Henry and Jockson, all surnamed Liu, Rebecca Liu Shui and Pearl Liu Rodriguez, Petitioners, versus ALFREDO LOY, JR., TERESITA A. LOY and ESTATE OF JOSE VA?O, Respondents.

G.R. No. 145982 | 2004-09-13

RESOLUTION


CARPIO, J.:

The Loys seek a reconsideration of the Decision dated 3 July 2003 of this Court declaring void the deeds of sale of Lot Nos. 5 and 6 executed by Teodoro Vaño in favor of Alfredo Loy, Jr. and Teresita Loy. We held that Lot Nos. 5 and 6 belong to Frank Liu[1] since the probate court approved his deeds of sale in accordance with Section 8,[2] Rule 89 of the Rules of Court. The deeds of sale of the Loys lacked a valid probate court approval. As a result, we ordered the Estate of Jose Vaño to reimburse the Loys the amounts they paid for Lot Nos. 5 and 6, with interest at 6% annually from 4 June 1976, the...