Back

Zamora Realty and Development Corporation vs. Office of the President of the Philippines, et al.

ZAMORA REALTY and DEVELOPMENT CORPORATION and/or ERNESTO ZAMORA, Petitioners, - versus OFFICE OF THE PRESIDENT OF THE PHILIPPINES and EDILBERTO C. GALLARDO, Respondents.

G.R. No. 165724 | 2006-11-02

FIRST DIVISION
 
D E C I S I O N 
 
CALLEJO, SR., J.: 
 
This is a petition for review on certiorari of the Decision[1] of the Court of Appeals (CA) in CA-G.R. SP No. 78319 and its Resolution[2] denying the motion for reconsideration thereof. 
 
On October 8, 1985, respondent Edilberto C. Gallardo entered into a contract to sell with Amlac Development Corporation (Amlac). The property subject of the contract is Lot 1, Block 3 of Amlac-Ville Subdivision. Under the contract, Gallardo was to pay a downpayment of P26,058.00, upon execution, the balance to be paid in installments of P1,987.50 until full settlement of...