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Eastworld Motor Industries Corporation, et al. vs. Skunac Corporation, et al.

EASTWORLD MOTOR INDUSTRIES CORPORATION, Represented by Its President, PETER TY, Petitioner, versus SKUNAC CORPORATION, Represented by Its Alleged President LARRY LIM; and MIGUEL LIM, Respondents.

G.R. No. 163994 | 2005-12-16

D E C I S I O N 


PANGANIBAN, J.: 

This Court has consistently held that a reconstituted certificate of title is void if the owner's duplicate certificate is not lost or destroyed, but is in the possession of another person. Nonetheless, a valid transfer can issue from the void reconstituted title if an innocent purchaser for value intervenes. A finding of "good faith" and "for value" requires a judicious evaluation of the facts of each case. 

The Case 

Before us is a Petition for Review[1] under Rule 45 of the Rules of Court, assailing the November 5, 2003 Decision[2] and the June 3, 2004 Resolution[3] of the Court of...