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Luzon Development Bank (LDB) vs. Angeles Catherine Enriquez / Delta Development and Management Services, Inc. vs. Angeles Catherine Enriquez, et al.

LUZON DEVELOPMENT BANK, Petitioner vs. ANGELES CATHERINE ENRIQUEZ, Respondent. ---------------------------------------------------------------------------------------------- DELTA DEVELOPMENT and MANAGEMENT SERVICES, INC., Petitioner, vs. ANGELES CATHERINE ENRIQUEZ and LUZON DEVELOPMENT BANK, Respondents.

G.R. No. 168646 / G.R. No. 168666 | 2011-01-12

FIRST DIVISION
 
D E C I S I O N
 
DEL CASTILLO, J.:
 
The protection afforded to a subdivision lot buyer under Presidential Decree (PD) No. 957 or The Subdivision and Condominium Buyer’s Protective Decree will not be defeated by someone who is not an innocent purchaser for value. The lofty aspirations of PD 957 should be read in every provision of the statute, in every contract that undermines its objects, in every transaction which threatens its fruition. "For a statute derives its vitality from the purpose for which it is enacted and to construe it in a manner that disregards or defeats such purpose is to nullify or...