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JurisprudenceG.R. NO. 162112 -

G.R. NO. 162112 - DOMINGO R. LUMAYAG AND FELIPA N. LUMAYAG, VS. HEIRS OF JACINTO NEMEÑO AND DALMACIA DAYANGCO-NEMEÑO, REPRESENTED BY MELITON NEMEÑO.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 339,RA 122RA 348RA 771,RA 627,RA 653,
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TL;DR — Ruling

WHEREFORE, in the light of the foregoing, judgment is hereby rendered to wit: Declaring the Deed of Sale with Pacto de Retro marked annex "A" to the Complaint as equitable mortgage; Ordering the defendants to reconvey the properties in litigation to the plaintiffs in the amount of P20,000.00 within 30 days after the decision has become final and executory; Ordering the defendants to pay the cost of this suit. SO ORDERED.

Decision

Ruling

WHEREFORE, in the light of the foregoing, judgment is hereby rendered to wit: Declaring the Deed of Sale with Pacto de Retro marked annex "A" to the Complaint as equitable mortgage; Ordering the defendants to reconvey the properties in litigation to the plaintiffs in the amount of P20,000.00 within 30 days after the decision has become final and executory; Ordering the defendants to pay the cost of this suit. SO ORDERED.