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* THIRD DIVISION.
535
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536
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537
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invoke its right under Section 78 of R.A. No. 337 will disturb the
“law of the case.” However, private respondent’s statement of
what constitutes the “law of the case” is not entirely accurate. The
“law of the case” is not simply that the defendant possesses an
equity of redemption. As the Court has stated, the “law of the
case” holds that petitioner has the equity of the redemption
without any qualification whatsoever, that is, without the right of
redemption afforded by Section 78 of R.A. No. 337. Whether or not
the “law of the case” is erroneous is immaterial, it still remains
the “law of the case.” A contrary rule will contradict both the
letter and spirit of the rulings of the Court of Appeals in CA-G.R.
SP No. 35086, CA-G.R. CV No. 39243, and CA-G.R. 38747, which
clearly saw through the repeated attempts of petitioner to
forestall so simple a matter as making the security given for a
just debt to answer for its payment.
538
PURISIMA, J.:
The Case
The Facts
539
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All the above must be paid within a period of not less than 150
days from receipt hereof by the defendant. In default of such
payment, the four parcels of land subject matter of the suit
including its improvements shall be sold to realize the mortgage
debt and costs, in the manner and under the regulations that
1
govern sales of real estate under execution.”
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540
541
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542
________________
543
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544
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545
546
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547
II
III
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I.
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5 Rollo, p. 4.
6 Rollo, p. 390.
548
II.
III.
(1)
(2)
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(1)
549
(2)
(3)
(4)
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II.
III.
IV.
550
V.
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551
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552
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554
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555
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time and in one action, provided all parties be brought before the
court and the matter decided without prejudicing the rights of any
13
party.”
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556
The “law of the case” holds that petitioner has the equity of
redemption without any qualification.
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——o0o——
558
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