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Sps Danilo and Cristina Decena vs Sps Pedro, et al

SPOUSES DANILO and CRISTINA DECENA, petitioners, vs. SPOUSES PEDRO and VALERIA PIQUERO, respondents.

G.R. No. 155736 | 2005-03-31

R E S O L U T I O N 


CALLEJO, SR., J.: 

The petitioners, Spouses Danilo and Cristina Decena were the owners of a parcel of land, with a house constructed thereon, located in Parañaque, Metro Manila (now Parañaque City) covered by Transfer Certificate of Title (TCT) No. 134391 issued on February 24, 1998.[1] 

On September 7, 1997, the petitioners and the respondents, the Spouses Pedro and Valeria Piquero, executed a Memorandum of Agreement (MOA)[2] in which the former sold the property to the latter for the price of P940,250.00 payable in six (6) installments via postdated checks. The vendees forthwith took possession of the...