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Rockville Excel International Exim Corporation Vs. Spouses Oligario Culla and Bernardita Miranda

ROCKVILLE EXCEL INTERNATIONAL EXIM CORPORATION, Petitioner, versus SPOUSES OLIGARIO CULLA and BERNARDITA MIRANDA, Respondents.

G.R. No. 155716 | 2009-10-02

D E C I S I O N

BRION, J.:

Whether a Deed of Absolute Sale is really an absolute sale of real property or an equitable mortgage is the main issue now before us. Petitioner Rockville Excel International Exim Corporation (Rockville) prays in this petition[1] that we reverse the October 9, 2002 decision[2] of the Court of Appeals (CA) in CA G.R. SP No. 66070, denying its appeal and affirming the decision of the Regional Trial Court (RTC), Batangas City, Branch 2 in Civil Case No. 4789, which dismissed their complaint for specific performance against the respondents Spouses Oligario (Oligario) and Bernardita Culla.

BACKGROUND FACTS

The spouses...