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Uy Tong, etal vs. Court of Appeals, etal.

SPOUSES UY TONG & KHO PO GIOK, petitioners, vs. HONORABLE COURT OF APPEALS, HONORABLE BIENVENIDO C. EJERCITO, Judge of the Court of First Instance of Manila, Branch XXXVII and BAYANIHAN AUTOMOTIVE CORPORATION, respondents.

G.R. No. 77465 | 1988-05-21

D E C I S I O N


CORTES, J.:

In the present petition, petitioners assail the validity of a deed of assignment over an apartment unit and the leasehold rights over the land on which the building housing the said apartment stands for allegedly being in the nature of a pactum commissorium.

The facts are not disputed.

Petitioners Uy Tong (also known as Henry Uy) and Kho Po Giok (SPOUSES) used to be the owners of Apartment No. 307 of the Ligaya Building, together with the leasehold right for ninety-nine (99) years over the land on which the building stands. The land is registered in the name of Ligaya Investments, Inc. as evidenced by...