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Teddy Pabugais vs Dave Sahijwani

TEDDY G. PABUGAIS, petitioner, vs. DAVE P. SAHIJWANI, respondent.

G.R. No. 156846 | 2004-02-23

D E C I S I O N

YNARES-SANTIAGO, J.:

Assailed in this petition for review on certiorari is the January 16, 2003 Amended Decision[1] of the Court of Appeals[2] in CA-G.R. CV No. 55740 which set aside the November 29, 1996 Decision[3] of the Regional Trial Court of Makati, Branch 64, in Civil Case No. 94-2363.

Pursuant to an "Agreement And Undertaking"[4] dated December 3, 1993, petitioner Teddy G. Pabugais, in consideration of the amount of Fifteen Million Four Hundred Eighty Seven Thousand Five Hundred Pesos (P15,487,500.00), agreed to sell to respondent Dave P. Sahijwani a lot containing 1,239 square meters located at Jacaranda Street,...