D E C I S I O N
CARPIO MORALES, J.:
On June 5, 1996, Daniel Ponce Pacifico (Pacifico) signed a Reservation Application[1] with Fil-Estate Marketing Association for the purchase of a house and lot located at Lot 28, Block 3, Phase II, Jestra Villas, Barangay La Huerta, Municipality of Parañaque, Metro Manila (the property), and paid the reservation fee of P20,000.
Under the Reservation Application, the total purchase price of the property was P2,500,000, and the...
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