EN BANC
R E S O L U T I O N
CARPIO MORALES, J.:
Buenavista Properties Inc. (Buenavista) entered into a contract with La Savoie Development Corporation (La Savoie) on January 15, 1997 for the development of its (Buenavista's) property in San Rafael, Bulacan into a housing subdivision and for the sale of the constructed houses thereon.
Manuel P. Calaunan (complainant) contracted to purchase a house and lot (the property) at the Buenavista Park Subdivision owned by Buenavista. Upon complainant's payment of the reservation and downpayment, he took possession of the property.
After complainant had fully paid the purchase price of the property, the...
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