G.R. No. 157330 - Calilap-Asmeron vs. Development Bank of the Philippines

Calilap-Asmeron vs. Development Bank of the Philippines

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Title Supreme Court: Calilap-Asmeron vs. Development Bank of the Philippines

Case: G.R. No. 157330

Decision Date: Nov 23, 2011

Petitioner failed to pay installments under a deed of conditional sale, leading DBP to rescind and sell the property. SC upheld rescission, ruling terms were clear and breach justified.

rescission

deed of conditional sale

foreclosed property

Long 29 min

END