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Multinational Village Homeowners Assn.and Danilo Cuneta vs Ara Security & Surveillance Agency

MULTINATIONAL VILLAGE HOMEOWNERS ASSOCIATION, INC. and DANILO F. CUNETA, Petitioners, versus ARA SECURITY & SURVEILLANCE AGENCY, INC., Represented by THERESA C. MAMAED, President and General Manager, Respondent.

G.R. No. 154852 | 2004-10-21

DECISION

PANGANIBAN, J.:

Basic is the rule that a contract constitutes the law between the parties. The mere grant to one party of the right to terminate the agreement because of the nonpayment of an obligation established therein does not ipso facto give the other party the same right to end the contract on the ground of allegedly unsatisfactory service. Concededly, parties may validly stipulate the unilateral rescission of a contract.

The Case

Before us is a Petition for Review[1] under Rule 45 of the Rules of Court, challenging the October 11, 2001 Decision[2] and the August 12, 2002 Resolution[3] of the Court of Appeals (CA) in CA-GR CV...