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Gerarda A., Dizon-Abilla, et al. Vs. Sps. Carlos and Theresita Gobonseng

GERARDA A. DIZON-ABILLA and the HEIRS OF RONALDO P. ABILLA, Petitioners, versus SPS. CARLOS and THERESITA GOBONSENG, Respondents.

G.R. No. 170745 | 2009-01-30

D E C I S I O N


CARPIO MORALES, J.

Spouses Carlos and Theresita Gobonseng (respondents) failed to settle a P550,000 loan obtained from Gerarda A. Dizon-Abilla and the Heirs of Ronaldo P. Abilla (petitioners). The parties eventually agreed on a settlement scheme. Thus, respondents executed a Deed of Sale[1] covering seventeen (17) lots in favor of petitioners, and a separate document affording respondents the option to buy back the lots within six months from execution of the Deed of Sale.

As respondents failed to exercise their option, petitioners filed a case for specific performance and recovery of sum of money and damages before the...