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William G. Kwong vs. Atty. Ramon Gargantos, et al.

WILLIAM G. KWONG, Petitioner, versus ATTY. RAMON GARGANTOS, SPS. REY & REMY SANTOS, and SPS. LORNA & DANIEL ARCEO, Respondents.

G.R. No. 152984 | 2006-11-22

FIRST DIVISION
 
D E C I S I O N 
 
AUSTRIA-MARTINEZ, J.: 
 
Petitioner William G. Kwong is the owner of fifteen (15) lots located in the province of Pampanga. In an unnotarized Deed of Conditional Sale, petitioner, for himself and in behalf of William G. Kwong Management, sold said lots to respondents Anacleto Gargantos, Remy Santos and Lorna Arceo for the sum of $137,255.00 payable in two installments, with $10,000.00 being paid by respondents at the time of the execution of the contract, and the balance of $127,255.00 to be paid on or before December 15, 1986.[1] When respondents failed to pay the balance on the...