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Sps. Chua vs. UCPB

SPS. FELIX A. CHUA AND CARMEN L. CHUA, JAMES B. HERRERA, EDUARDO L. ALMENDRAS, MILA NG ROXAS, EUGENE C. LEE, EDICER H. ALMENDRAS, BENEDICT C. LEE, LOURDES C. NG, LUCENA INDUSTRIAL CORPORATION, LUCENA GRAND CENTRAL TERMINAL, INC., REPRESENTED BY FELIX A. CHUA, PETITIONERS VS. UNITED COCONUT PLANTERS BANK, ASSET POOL A (SPV-AMC), REVERE REALTY AND DEVELOPMENT CORPORATION, JOSE C. GO AND THE REGISTRAR OF DEEDS OF LUCENA CITY, RESPONDENTS.

G.R. No. 215999 | 2017-08-16

D E C I S I O N
 
BERSAMIN, J.:
 
This appeal assails the decision promulgated on March 25, 2014[1] and the resolution promulgated on December 23, 2014,[2] whereby, the Court of Appeals (CA) respectively reversed and set aside the decision[3] rendered on January 6, 2009 by the Regional Trial Court (RTC), Branch 59, in Lucena City and granted the appeal of respondent United Coconut Planters Bank (UCPB), Revere Realty and Development Corporation (Revere), Jose Go and The Register of Deeds of Lucena City; and denied the petitioners' motion for reconsideration.
 
Antecedents

On March 3, 1997, petitioner Spouses Felix and Carmen...