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Republic of the Philippines, represented by the Department of Public Works and Highways Vs. Heirs of Spouses Pedro Bautista and Valentina Malabanan

REPUBLIC OF THE PHILIPPINES, represented by the DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS, Petitioner, vs. HEIRS OF SPOUSES PEDRO BAUTISTA and VALENTINA MALABANAN, Respondents.

G.R. No. 181218 | 2013-01-28




SECOND DIVISION

D E C I S I O N


DEL CASTILLO, J.:

Time and again it has been said that the market value of a piece of property is the price that may be agreed upon by parties willing but not compelled to enter into a sale. As expected, a seller in dire need of funds will accept less, and a buyer desperate to acquire naturally agrees to pay more, than what the property is truly worth.

This Petition for Review on Certiorari1 assails the October 31, 2007 Decision2 of the Court of Appeals (CA) in CA-G.R. CV No. 85751 as well as its January 11, 2008 Resolution3 denying petitioner's motion for reconsideration.

Factual Antecedents

Pedro Bautista and...