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Cortes vs. Court of Appeals 494 SCRA 570

ANTONIO R. CORTES (in his capacity as Administrator of the estate of Claro S. Cortes), Petitioner, versus HON. COURT OF APPEALS and VILLA ESPERANZA DEVELOPMENT CORPORATION, Respondents.

G.R. No. 126083 | 2006-07-12

FIRST DIVISION
 
DECISION 
 
YNARES-SANTIAGO, J.: 
 
The instant petition for review seeks the reversal of the June 13, 1996 Decision[1] of the Court of Appeals in CA-G.R. CV No. 47856, setting aside the June 24, 1993 Decision[2] of the Regional Trial Court of Makati, Branch 138, which rescinded the contract of sale entered into by petitioner Antonio Cortes (Cortes) and private respondent Villa Esperanza Development Corporation (Corporation). 
 
The antecedents show that for the purchase price of P3,700,000.00, the Corporation as buyer, and Cortes as seller, entered into a contract of sale over the lots covered...