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Heirs of the Late Spouses Aurelio and Esperanza Balite vs Rodrigo N. Lim.

HEIRS OF THE LATE SPOUSES AURELIO AND ESPERANZA BALITE; Namely, ANTONIO T. BALITE, FLOR T. BALITE-ZAMAR, VISITACION T. BALITE-DIFUNTORUM, PEDRO T. BALITE, PABLO T. BALITE, GASPAR T. BALITE, CRISTETA T. BALITE and AURELIO T. BALITE JR., All Represented by GASPAR T. BALITE, Petitioners, versus RODRIGO N. LIM, Respondent.

G.R. No. 152168 | 2004-12-10

D E C I S I O N

PANGANIBAN, J.:


A deed of sale that allegedly states a price lower than the true consideration is nonetheless binding between the parties and their successors in interest. Furthermore, a deed of sale in which the parties clearly intended to transfer ownership of the property cannot be presumed to be an equitable mortgage under Article 1602 of the Civil Code. Finally, an agreement that purports to sell in metes and bounds a specific portion of an unpartitioned co-owned property is not void; it shall effectively transfer the seller's ideal share in the co-ownership.


The Case

Before us is a Petition for Review[1] under...