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Koppel, Inc. (KPL Aircon, Inc.) vs. Makati Rotary Club Foundation, Inc.

KOPPEL, INC. (FORMERLY KNOWN AS KPL AIRCON, INC.), PETITIONER, VS. MAKATI ROTARY CLUB FOUNDATION, INC., RESPONDENT.

G.R. No. 198075 | 2013-09-04

SECOND DIVISION
D E C I S I O N
 
PEREZ, J.:
 
This case is an appeal[1] from the Decision[2] dated 19 August 2011 of the Court of Appeals in C.A.-G.R. SP No. 116865.

The facts:

The Donation

Fedders Koppel, Incorporated (FKI), a manufacturer of air-conditioning products, was the registered owner of a parcel of land located at Km. 16, South Superhighway, Parañaque City (subject land).[3] Within the subject land are buildings and other improvements dedicated to the business of FKI.[4]

In 1975, FKI[5] bequeathed the subject land (exclusive of the improvements thereon) in favor of herein respondent Makati Rotary Club Foundation,...