LIMKETKAI SONS MILLING, INC., petitioner, vs.

COURT OF APPEALS, BANK OF THE PHILIPPINE ISLANDS and NATIONAL BOOK STORE, respondents. (guys refer nalang to the digest in the polifile for the issues regarding the contract etc kinuha ko lang yung regarding sa manner of sitting and votes required) Facts: On June 23, 1988, Pedro Revilla, Jr., a licensed real estatebroker was given formal authority by BPI to sell the lot for P1,000.00 per square meter. The owners of the Philippine Remnants concurred this arrangement. Broker Revilla contacted Alfonso Lim of petitioner company who agreed to buy the land. On July 9, 1988, Revilla formally informed BPI that he had procured a buyer, herein petitioner. On July 11, 1988, petitioner's officials, Alfonso Lim and Albino Limketkai, went to BPI to confirm the sale. Vice-President Merlin Albano and Asst. VicePresident Aromin entertained them. The parties agreed that the lot would be sold at P1,000.00 persquare meter to be paid in cash. The authority to sell was on a first come, first served and non-exclusive basis; there is no dispute over petitioner's being the first comer and the buyer to be first served. Alfonso Lim then asked if it was possible to pay on terms. The bank officials stated that there was no harm in trying to ask for payment on terms because in previous transactions, the same had been allowed. It was the understanding, however, that should the term payment be disapproved, then the price shall be paid in cash. Two or three days later, petitioner learned that its offer to pay on terms had been frozen. Alfonso Lim went to BPI on July 18, 1988 and tendered the full payment of P33,056,000.00 to Albano. The payment was refused because Albano stated that the authority to sell that particular piece of property in Pasig had been withdrawn from his unit. The same check was tendered to BPI Vice-President Nelson Bona who also refused to receive payment. An action for specific performance with damages was thereupon filed on August 25, 1988 by petitioner against BPI. In the course of the trial, BPI informed the trial court that it had sold the property under litigation to NBS on July 14, 1989. Upon elevation of the case to the Court of Appeals, the decision of the trial court was reversed and the complaint dismissed on 12 August 1994. It was held that no contract of sale was perfected because there was no concurrence of the three requisites enumerated in Article 1318 of the Civil Code.

On its decision in Dec. 1, 1995, the Supreme Court reversed and set aside the questioned judgment of the Court of Appeals, and reinstated the 10 June 1991 judgment of Branch 151 of the RTC of The National Capital Judicial Region stationed in Pasig, Metro Manila except for the award of P10,000,000.00 damages, which was deleted. On March 26, 1996, Motion for Reconsideration was granted. Petitioners opposition to the MR was denied. The SC sets aside Dec. 1, 1995 decision and affirmed in toto the decision of CA. Hence, this Motion for Reconsideration by Petitioner. Issue: WoN the case should be referred to the court en banc Held: The Petitioner is contending that the case should be referred to the court en banc because as the doctrines laid down in Abrenica v. Gonda and De Gracia, 34 Phil. 739, Talosig v. Vda. de Nieba, 43 SCRA 473, and Villonco Realty Co. v. Bormaheco, Inc., et. al., 65 SCRA 352, have been modified or reversed. The court held that a more circumspect analysis of these cases vis-avis the case at bench would inevitably lead petitioner to the conclusion that there was neither reversal nor modification of the doctrines laid down in the Abrenica, Talosig and Villonco cases. In fact, the inapplicability of the principle enunciated in Abrenica and Talosig to this case has already been extensively discussed in the Courts resolution, hence the same will not be addressed anew. As regards the case of Villonco, petitioner mistakenly assumes that its case has a similar factual milieu with the former. The Court finds no further need to elaborate on the issue, but will simply point out the significant fact that the offer of the buyer in Villonco, unlike in this case, was accepted by the seller, Bormaheco, Inc.; andVillonco involves a perfected contract, a factor crucially absent in the instant case as there was no meeting of the minds between the parties. What petitioner bewails the most is the present composition of the Third Division which deliberated on private respondents motions for reconsideration and by a majority vote reversed the unanimous decision of December 1, 1995. More specifically, petitioner questions the assumption of Chief Justice Narvasa of the chairmanship of the Third Division and arrogantly rams its idea on how each Division should be chaired, i.e., the First Division should have been chaired by Chief Justice Narvasa, the Second Division by Mr. Justice Padilla, the next senior Justice and the Third Division by Mr. Justice Regalado, the third in line. We need only to stress that the change in the membership of the three divisions of the Court

was inevitable by reason of Mr. Justice Felicianos retirement. Such reorganization is purely an internal matter of the Court to which petitioner certainly has no business at all. In fact, the current staggered set-up in the chairmanships of the Divisions is similar to that adopted in 1988. In that year, the Courts Third Division was likewise chaired by then Chief Justice Fernan, while the First and Second Divisions were headed by the next senior Justices--Justices Narvasa and Melencio-Herrera, respectively. ACCORDINGLY, petitioners motion for reconsideration and motion to refer the case to the Court En Banc are hereby DENIED WITH FINALITY, without prejudice to any and all appropriate actions that the Court may take not only against counsel on record for the petitioner for his irresponsible remarks, but also against other persons responsible for the reckless publicity anent this case calculated to maliciously erode the peoples faith and confidence in the integrity of this Court.