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Megaworld Prop vs Hon Judge Cobarde, et al

MEGAWORLD PROPERTIES AND HOLDINGS, INC. Petitioner, versus HON. JUDGE BENEDICTO G. COBARDE, in his capacity as the Presiding Judge of the Regional Trial Court, Branch 53, Lapu-Lapu City; JUAN GATO, in his capacity as the Sheriff of the Regional Trial Court, Branch 53, Lapu-Lapu City; SERECIO MATTHEW B. JO AND IDA HENARES, Respondents.

G.R. No. 156200 | 2004-03-31

D E C I S I O N

CORONA, J.:

This is a case involving the failure to pay the balance of a real estate broker's commission.

The antecedents show that sometime in July 1995, Mar y Cielo Leisure Resort, Inc. (MYC) secured the services of private respondents, Matthew Jo and Ida Henares, to broker a joint venture between MYC and petitioner Megaworld Properties and Holdings, Inc. for the latter to develop MYC's prime parcels of land with vast beach fronts located in Lapu-Lapu City, Cebu[1] into a world-class residential/commercial condominium complex. It was agreed that private respondents would be paid a 3% brokers' fee based on the total...