Title
Banico vs. Stager
Case
G.R. No. 232825
Decision Date
Sep 16, 2020
Lydia sold Ulysses an 800-sq m lot in Boracay, but the deed mistakenly described the wrong portion. Ulysses sought reformation, which the Supreme Court granted, ruling the deed failed to reflect their true intent. Ulysses owed a small balance for an additional 400-sq m lot, and no damages were awarded.

Case Digest (G.R. No. 46530)
Expanded Legal Reasoning Model

Facts:

  • Antecedents
    • Lydia Bernadette M. Stager owned a 6,100 sq m parcel (Lot 199) in Boracay. In February 1992, she and Ulysses Rudi Banico executed a Deed of Absolute Sale for an 800 sq m portion described as the northern, rocky part of Lot 199, with a beachfront of 40 m, for ₱350,000.00.
    • Upon payment, Banico took possession of the flat terrain, surveyed it, and discovered the deed described the wrong portion. Stager agreed to correct the deed and persuaded Banico to buy an adjacent 400 sq m for ₱160,000.00 on installment, formalized October 19, 1992.
  • Barangay Proceedings and Acknowledgment
    • In 2001, Banico sought barangay mediation. Stager presented a notarized December 6, 2001 Deed of Absolute Sale covering the 800 sq m flat terrain with correct boundaries for ₱80,000 (admitted price discrepancy), but Banico refused signature.
    • Stager did not dispute Banico’s occupation or construction on the flat terrain and accepted most payments for the 400 sq m lot, though a ₱12,000 balance remained in her view.
  • Judicial Proceedings
    • July 9, 2002: Banico filed for specific performance and reformation of the February 8, 1992 sale and damages (RTC Civil Case No. 02-104001). Stager died in 2012; heirs substituted.
    • February 18, 2015: RTC ordered reformation of the February 8, 1992 deed to reflect the flat terrain and found a ₱6,600 balance on the 400 sq m lot; denied damages.
    • February 22, 2017: Court of Appeals (CA) denied reformation as time-barred under the 10-year prescription for written contracts; reduced Banico’s balance to ₱5,860; denied damages.
    • July 11, 2017: CA denied motions for reconsideration—Stager’s heirs arguing rescission for nonpayment and Banico arguing tolling by 2001 acknowledgment and full payment.
  • Supreme Court Petition
Banico and Stager’s heirs filed a Rule 45 petition challenging the CA’s denial of reformation, its prescription ruling, computation of unpaid balance, and denial of damages.

Issues:

  • Reformation and True Intention
    • Whether the February 8, 1992 Deed of Absolute Sale may be reformed for mutual mistake in the technical description of the 800 sq m lot.
    • Whether counsel’s drafting error precludes reformation when parties’ acts demonstrate a different intention.
  • Prescription
    • Whether the 10-year prescriptive period for actions on written contracts or reformation was tolled by Stager’s December 6, 2001 acknowledgment.
  • Payment and Damages
    • Whether Banico fully paid the ₱160,000 purchase price for the 400 sq m lot and what balance remains.
    • Whether either party is entitled to damages for breach or error.

Ruling:

  • (Subscriber-Only)

Ratio:

  • (Subscriber-Only)

Doctrine:

  • (Subscriber-Only)

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