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David V. Pelayo, et al. vs Melki E. Perez

DAVID V. PELAYO and LORENZA* B. PELAYO, Petitioners, versus MELKI E. PEREZ, Respondent.

G.R. No. 141323 | 2005-06-08

D E C I S I O N 


AUSTRIA-MARTINEZ, J.: 

This resolves the petition for review on certiorari seeking the reversal of the Decision[1] of the Court of Appeals (CA) promulgated on April 20, 1999 which reversed the Decision of the Regional Trial Court (RTC) of Panabo, Davao, Branch 34, in Civil Case No. 91-46; and the CA Resolution dated December 17, 1999 denying petitioners' motion for reconsideration. 

The antecedent facts as aptly narrated by the CA are as follows: 

David Pelayo (Pelayo),by a Deed of Absolute Sale executed on January 11, 1988, conveyed to Melki Perez (Perez) two parcels of agricultural land (the lots)...