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Development vs. Sta Ines et al.

DEVELOPMENT BANK OF THE PHILIPPINES, PETITIONER, V. STA. INES MELALE FOREST PRODUCTS CORPORATION, RODOLFO CUENCA, MANUEL TINIO, CUENCA INVESTMENT CORPORATION AND UNIVERSAL HOLDINGS CORPORATION, RESPONDENTS. [G.R. No. 193099, February 1, 2017] NATIONAL DEVELOPMENT CORPORATION, PETITIONER, V. STA. INES MELALE FOREST PRODUCTS CORPORATION, RODOLFO M. CUENCA, MANUEL I. TINIO, CUENCA INVESTMENT CORPORATION AND UNIVERSAL HOLDINGS CORPORATION, RESPONDENTS.

G.R. No. 193068 | 2017-02-01

Republic of the Philippines
Supreme Court
Manila
 
SECOND DIVISION
 
DECISION
 
LEONEN, J.:
 
A condition shall be deemed fulfilled when the obligor voluntarily prevents its fulfilment and a debtor loses the right to make use of the period when a condition is violated, making the obligation immediately demandable.[1]
 
This resolves the consolidated Petitions for Review filed by the Development Bank of the Philippines (DBP)[2] and the National Development Corporation (NEDC)[3] assailing the Court of Appeals Decision[4] dated March 24, 2010 and Court of Appeals Resolution[5] dated July 21, 2010, which...