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Central Bank of the Phils vs Sps Alfonso and Anacleta Bichara

CENTRAL BANK OF THE PHILIPPINES, petitioner, vs. SPOUSES ALFONSO and ANACLETA BICHARA, respondents.

G.R. No. 131074 | 2000-03-27

D E C I S I O N

DE LEON, JR., J.:

Before us is a petition for review on certiorari praying for the reversal of the Decision1 [Rollo, pp. 17-30.] and Resolution2 [Rollo, pp. 32-33.] dated February 28, 1997 and October 17, 1997, respectively, rendered by the Former Special Fourteenth Division3 [Justice Demetrio G. Demetria, ponente, and Justices Salome A. Montoya and Oswaldo D. Agcaoili, members.] of the Court of Appeals in CA-G.R. CV No. 44448. The appellate court reversed the judgment of the trial court and decreed the contract of sale entered into by the opposing parties as rescinded.

The facts are:

Respondents SPOUSES ALFONSO and...