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Vive Eagle Land, Inc. and Virgilio Cervantes vs CA and Genuino Ice Co., Inc..

VIVE EAGLE LAND, INC. and VIRGILIO O. CERVANTES, Petitioners, versus COURT OF APPEALS and GENUINO ICE CO., INC., Respondents.

G.R. No. 150308 | 2004-11-26

D E C I S I O N





CALLEJO, SR., J.:





This is a petition filed by Vive Eagle Land, Inc. (VELI) and Virgilio Cervantes for the review of the July 19, 2001 Decision[1] and October 4, 2001 Resolution of the Court of Appeals (CA) in CA-G.R. CV No. 51933.


The Antecedents



The Spouses Raul and Rosalie Flores were the owners of two parcels of land situated along Aurora Boulevard, Cubao, Quezon City, covered by
Transfer Certificates of Title (TCT) Nos. 241845 and 241846, with an area of 1,026 and 2,963 square meters, respectively. On October 10, 1987, the Spouses Flores and Tatic Square International Corporation (TATIC) executed an...