CKH INDUSTRIAL AND DEVELOPMENT CORPORATION and RUBI

SAW, petitioners, vs. THE COURT OF APPEALS, (FORMER 13TH DIVISION),

THE REGISTER OF DEEDS OF METRO MANILA - DISTRICT III
(VALENZUELA), CENTURY-WELL PHIL. CORPORATION, LOURDES
CHONG, CHONG TAK KEI and UY CHI KIM, respondents.

FACTS:

The present petition springs from a civil action instituted by herein petitioners, to rescind
and/or annul the sale of two parcels of land, from petitioner CKH Industrial and Development
Corporation (CKH, for brevity) to private respondent Century-Well Phil. Corporation (Century-
Well, for brevity), for failure to pay the stipulated price of P800,000.00.

Petitioners specifically assail the Decision of the respondent Court of Appeals, which
denied the annulment of the sale. The appellate court found that there was
payment of the consideration by way of compensation, and ordered petitioners to
pay moral damages and attorney's fees to private respondents.