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United Coconut Planters Bank vs. Spouses Uy

UNITED COCONUT PLANTERS BANK, Petitioner vs. SPOUSES WALTER UY AND LILY UY, Respondents

G.R. No. 204039 | 2018-01-10

Republic of the Philippines
Supreme Court
Manila
 
THIRD DIVISION
 
D E C I S I O N
 
MARTIRES, J.:
 
This petition for review on certiorari seeks to reverse and set aside the 23 May 2012 Decision1 and the 18 October 2012 Resolution2 of the Court of Appeals (CA) in CA-G.R. SP No. 118534 which affirmed with modification the 24 March 2010 Decision3 of the Office of the President (OP).
 
THE FACTS
 
Prime Town Property Group, Inc. (PPGI) and E. Ganzon Inc. were the joint developers of the Kiener Hills Mactan Condominium Project (Kiener Hills). In 1997, spouses Walter and Lily Uy (respondents) entered into a Contract to Sell...