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Benedicto Baluyot, Et Al. vs. Eulogio E. Venegas

BENEDICTO BALUYOT, ET AL., plaintiffs-appellees, vs. EULOGIO E. VENEGAS, defendant-appellant.

G.R. No. L-22968 | 1968-01-31

D E C I S I O N 


MAKALINTAL, J.: 

Plaintiffs are the heirs of Crisanto Baluyot, who in life sold a parcel of land to defendant Eulogio E. Venegas. The sale, executed on July 24, 1951, contains the following provision for repurchase: 

"3. That the parties hereto stipulated that at anytime after the expiration of the period of ten (10) years to be computed from October 1, 1951, the Vendor, his heirs or successors-in-interest has the option and priority to purchase the aforedescribed parcel of land for the same consideration of P4,000.00, 

"4. That the Vendee hereby accept and agrees with the conditions and terms of this...