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Heirs of Lorenzo Vidad and Carmen Vidad, et al. Vs. Land Bank of the Philippines

HEIRS OF LORENZO and CARMEN VIDAD and AGVID CONSTRUCTION CO., INC., Petitioners, versus LAND BANK OF THE PHILIPPINES, Respondent

G.R. No. 166461 | 2010-04-30

D E C I S I O N


CARPIO, J.:

The Case

The heirs of Lorenzo and Carmen Vidad and Agvid Construction Co., Inc. (petitioners) filed this Petition for Review[1] assailing the Court of Appeals' (CA) Decision[2] dated 28 November 2003 in CA-G.R. SP No. 68157 as well as the Resolution[3] dated 20 December 2004 denying the Motion for Reconsideration. In the assailed decision, the CA affirmed the 15 August 2001 Decision[4] of the Regional Trial Court of Santiago City, Branch 21 (RTC), sitting as a Special Agrarian Court (SAC). The SAC fixed the valuation for purposes of just compensation of petitioners' land (land) at P5,626,724.47.

The Facts
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