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Rural Bank of Davao City, Inc. vs. CA, et al.

RURAL BANK OF DAVAO CITY, INC., petitioner, vs. THE HONORABLE COURT OF APPEALS and GABRIEL ABELLANO and FRANCISCO SEQUITAN, respondents.

G.R. No. 83992 | 1993-01-27

D E C I S I O N

DAVIDE, JR., J p:

Two (2) issues are presented for Our resolution in this petition for review under Rule 45 of the Rules of Court, viz: (1) whether or not the two-year redemption period fixed by the Rural Banks' Act 1 in a foreclosure sale of properly acquired through a homestead patent superseded or repealed the five-year repurchase period prescribed in Section 119 of the Public Land Act 2 and (2) if it did not, whether, in the event of the expropriation by the Government of the subject property during the redemption or repurchase period, a homesteader, who thereafter exercised his right to redeem or repurchase, is...