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Valdes, et. al. vs. LCDC, et. al.

CARLOS J. VALDES, GABRIEL A.S. VALDES, FATIMA DELA CONCEPTION AND ASUNCION V. MERCADO,* PETITIONERS, VS. LA COLINA DEVELOPMENT CORPORATION (LCDC), PHILIPPINE COMMUNICATION SATELLITE, INC. (PHILCOMSAT), LA COLINA RESORTS CORPORATION (LCRC), MONTEMAR RESORTS AND DEVELOPMENT CORPORATION (MRDC), JOSE MARI CACHO, HONORIO A. POBLADOR III, AND ALFREDO L. AFRICA, RESPONDENTS.

G.R. No. 208140 | 2021-07-12

THIRD DIVISION

D E C I S I O N
 
HERNANDO, J.:
 
This Petition for Review on Certiorari[1] seeks to reverse and set aside the October 31, 2012 Decision[2] and July 16, 2013 Resolution[3] of the Court of Appeals (CA) in CA-G.R. CV No. 94713 that reversed and set aside the October 26, 2009 Decision[4] of the Regional Trial Court (RTC), Branch 2, Balanga City, Bataan in Civil Case No. 6134.
 
The RTC declared as null and void the Memorandum of Agreement[5] dated September 3, 1992 involving respondents La Colina Resorts Corporation (LCRC), La Colina Development Corporation (LCDC), Montemar Beach Club, Inc....