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Estelito Bagadiong, etal. Vs Placida Vda. De Abundo

SPS. ESTELITO BAGADIONG and REMEDIOS BAGADIONG, ET AL., petitioners, vs. PLACIDA VDA. DE ABUNDO, assisted by her son JOAQUIN ABUNDO, JR., respondents.

G.R. No. 75395 | 1988-09-19

D E C I S I O N


PARAS, J.:

In Civil Case No. 1043, the Court of First Instance of Catanduanes 10th Judicial District, Branch II declared the contract in question captioned "Deed of Sale Under Pacto de Retro" an equitable mortgage and accordingly rendered judgment, the dispositive portion of which is as follows

"WHEREFORE, in view of all the foregoing and finding the contract denominated 'Deed of Sale Under Pacto de Retro' (Exh. "A") an equitable mortgage to secure the obligation of P1,500.00, the plaintiff is hereby allowed to redeem the property subject of the contract within thirty (30) days after this decision becomes final by...