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The Supreme Court affirms the Court of Appeals decision upholding the sale of a property from Narcisa Avila to respondents Benjamin and Jovita Barabat. The Court finds that the 1979 private document between the parties was a valid contract of sale, not an equitable mortgage as claimed by petitioners. It also rejects petitioners' argument that they had the right to redeem the property as co-owners, noting there was no longer co-ownership after implied partition. The factual findings of the lower courts are binding that it was a sale and not a loan, and that respondents assumed payment of realty taxes.
The Supreme Court affirms the Court of Appeals decision upholding the sale of a property from Narcisa Avila to respondents Benjamin and Jovita Barabat. The Court finds that the 1979 private …