Villonco v Bormaheco G.R. No No. LL-26872 July 25 25, 19 1975 VILLONCO REALTY COMPANY, pl!"#!$-pp%ll%% "& E'IT( PERE) 'E TAGLE, !"#%*+%"o*pp%ll%%, +. ORMA(ECO, INC., RANCI/CO N. CERVANTE/ CERVANTE/ "& RO/ARIO N. CERVANTE/, CERVANTE/, &%0%"&"#-pp%ll"#. FACTS FACTS *"!o C%*+"#% 3p*%!&%"# o0 o*4%o "& ! !0%, Ro*!o, *% #% o"%* o0 Lo# , 15 "& 16 !" u%"&! A+%"u% M#!, ! %*% 4o*#::%& #o 'P %u*!#y 0o* lo" o0 ;;1. T% 4o*#::% &%<# 0ully p!& o" July 1=, 1969. I" 196;, #%*% %*% "%:o#!#!o" 0o* #% l% o0 !& lo# "& !4p*o+%4%"# <%#%%" Ro4%o V!llo"o 3o0 V!llo"o R%l#y Co "& o*4%o I", *%p*%%"#%& lo V!llo"o o"0%**%& !# C%*+"#% !" ! o?% #o &!u #% p*!% "& #%*4 o0 l%. L#%*, C%*+"#% %"# #o %% V!llo"o 0o* #% 4% *%o" u"#!l o4% :*%%4%"# **!+%& #. o*4 o*4%o %o 3#*ou: 3#*ou: C%*+" C%*+"#% #% 4&% 4&% *!## *!##%" %" o$%* o$%* #o V!llo V!llo"o "o 0o* #% l% l% o0 #% p*op%*#y !# #% #%*4 o0 l% 1. /%ll!" /%ll!": : p*!% p*!% o0 P;= P;== = p%* p%* @4, @4, 2. T# &%po!# &%po!# o0 1== 1== 4u# 4u# <% pl%& pl%& %*"%# %*"%# 4o"%y 4o"%y o" #% pu*% pu*% o0 o0 #% p*op%*#y ! !ll <%o4% p*# py4%"# o0 #% p*op%*#y !" #% %+%"# ## #% l% ! o"u44#%& . T# #% l% l% ! #o <% o"u44 o"u44#%& #%& o"ly 0#%* 0#%* I ll ll +% lo o"u4 o"u44#%& 4#%& 4y pu*% o0 "o#%* p*op%*#y lo#%& # /#. A" M"!l 3Pu"# p*op%*#y, ;. T# T# !0 #% "%:o#!# "%:o#!#!o" !o" !# !# !& !& p*op%*#y p*op%*#y !ll !ll "o# <% o"u44 o"u44#%& #%& "l >"l "%:o#!#!o "%:o#!#!o" " o" "!#% &%>"!#%ly ly "o" "o" 0#%* 0#%* ;5 &y V!llo"o R%l#y 4&% ou"#%*-o$%*, o">*4!": #% p*%+!ou #%*4, !# #% &%+!#!o" This This sale sale shall shall be cancelle cancelled, d, only only if your deal with another property in Sta. Ana shall not be consummated and and in such case, case, the P100,000-00 earnest money will be returned to us with a 10% interest p.a. p.a . However, However, if our deal with you is nalized, said P100,000.00 will become as part payment for the purchase of your property without interest . X !f the terms are acceptable to you, "indly si#n your conformity. conformity. $nclosed is a chec" for 100" as earnest money. T% % &%l!+%*%& &%l!+%*%& #o o*4%o "& *%%!+%& *%%!+%& ll%&. ISSUE ISSUE #%*% p%*0%#%& o"#*# o0 l% YES
E!" o*4%oF %p#"% o0 V!llo"o R%l#y Co4p"yF o$%* #o pu*% #% u%"&! A+%"u% p*op%*#y, o" !" T%o>lo V!llo"oF l%##%*, !"&u#!o" 4&% #!o" ! % & 4&% !" V!llo"oF ou"#%*-o$%*. (& V!llo"o R%l#y Co4p"y "o# %"#%& #o #o% !"%*#!o" "& ""o##!o", #%" !# oul& +% #opp%& py4%"# o" !# % 0o* P1==,===. T% 0# ## V!llo"o R%l#y Co4p"y llo%& !# % #o <% %& % ## #% o4p"y !" o"0o*4!#y !# #% ":% 4&% %& "& o"&!#!o"l.
T# o"#%"#!o" ! "o# o**%#. T%*% ! "o !"o4p#!%& o*4%oF o*!:!"l o$%*. T% o"#*oll!": 0# ! ## #%*% :*%%4%"# <%#%%" #% p*#!% o" #% u<%# 4##%*, #% p*!% "& #% 4o&% o0 py4%"# "& ## p*# o0 #% p*!% p!&. %"%+%* %*"%# 4o"%y ! :!+%" !" o"#*# o0 l%, !# ll <% o"!&%*%& p*# o0 #% p*!% "& p*oo0 o0 #% p%*0%#!o" o0 #% o"#*# 3A*#. 1;82, C!+!l Co&%. As to the "#-day period o acquisition o Punta property$ T% #%*4 o0 0o*#y->+% &y "o# p*# o0 #% o"&!#!o" ## #% No p*op%*#y oul& <% @u!*%&. I# ! l%* ## #% ##%4%"# ## >"l "%:o#!#!o" o" "!#%ly "o" 0#%* ;5 &y &o% "o# "& ""o# 4%" ## o*4%o, I". oul& @u!*% #% No p*op%*#y !#!" 0o*#y->+% &y 0*o4 %<*u*y 12, 196; p*%#%"&%& +% &y 3!" 0# %" #% 0o*#y->+% &y p%*!o& oul& <% o4pu#%& ! "o# l%* !# oul& <% "o" %#%* o*4%o, I". oul& <% #!o" o"#!"%& !" #% %p#"%. T% ":% %*% "o# u<#"#!l, #o*y. /u ! o**o