CBP Vs Bichara
CBP Vs Bichara
CBP Vs Bichara
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G.R. No. 131074. March 27, 2000.
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* SECOND DIVISION.
808
C-1
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810
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chase price plus interest at the rate of 12% per annum from
July 19, 1983, until fully paid, and to pay the capital gains
and documentary stamp taxes with the Bureau of Internal
Revenue and registration fees with the Register11of Deeds.
Petitioner tendered payment
12
to respondents by Central
Bank check no. 483008 in the amount of P360,500.00.
Respondents refused the tender, however, in view of their
complaint for rescission. 13
After receipt of summons,
petitioner filed its answer averring that it was justified in
delaying payment of the purchase price in view of
respondents’ breach of several conditions in the contract.
First, petitioner alleged that respondents failed to deliver
to the former free and legal possession of the two
properties, in view of the encumbrances noted in the title,
in addition to the presence of squatters who were not
evicted by respondents. Second, it claimed that respondents
did not fill up the lots with escombro free from waste
materials, as agreed upon. Petitioner counterclaimed for
damages of P8,000,000.00 representing payments for
rentals for the lease of premises it used as a temporary
regional office; P100,000.00 as exemplary damages;
P50,000.00 as attorney’s fees; and costs.
On January 14
22, 1993, petitioner filed a motion for
consignation before the trial court. The 15motion was
granted per an Order dated January 26, 1993.
After trial, the16
trial court issued its Decision dated
October 26, 1993, the dispositive portion of which states:
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15 Record, p. 67.
16 Record, pp. 149-161.
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17 CA Rollo, p. 13.
18 CA Rollo, pp. 14-15.
19 Resolution dated August 10, 1995, CA Rollo, p. 27.
20 Decision, CA Rollo, pp. 155-169.
813
II
III
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The court shall decree the rescission claimed, unless there be just
cause authorizing the fixing of a period.
This is understood to be without prejudice to the rights of third
persons who have acquired the thing, in accordance with Articles
1385 and 1388 and the Mortgage Law.
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