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Aniceto Bangis, substituted by his heirs, namely Rodolfo B. Bangis, et al. vs. Heirs of Serafin and Salud Adolfo, namely: Luz A. Banniester, et al. 672 SCRA 468

ANICETO BANGIS substituted by his heirs, namely: RODOLFO B. BANGIS, RONNIE B. BANGIS, ROGELIO B. BANGIS, RAQUEL B. QUILLO, ROMULO B. BANGIS, ROSALINA B. PARAN, ROSARIO B. REDDY, REYNALDO B. BANGIS, and REMEDIOS B. LASTRE,</b> Petitioners, vs. HEIRS OF SERAFIN AND SALUD ADOLFO, namely: LUZ A. BANNISTER, SERAFIN ADOLFO, JR., and ELEUTERIO ADOLFO rep. by his Heirs, namely: MILAGROS, JOEL, MELCHOR, LEA, MILA, NELSON, JIMMY and MARISSA, all surnamed ADOLFO, Respondents.

G.R. No. 190875 | 2012-06-13

THIRD DIVISION

D E C I S I O N
 
PERLAS-BERNABE, J.:
 
 
         Assailed in this Petition for Review on Certiorari under Rule 45 of the Rules of Court is the March 30, 2009 Decision[1] of the Court of Appeals Mindanao Station (CA) and its December 2, 2009 Resolution[2]  in CA-G.R. CV No. 00722-MIN which declared that the transaction between the parties was a mortgage, not a sale, and ordered petitioners to surrender the possession of the disputed lot upon respondents' full payment of their indebtedness.
 
 
THE ANTECEDENT FACTS
 
 
         The spouses...