Case Digest (G.R. No. 133576)
Facts:
- The case involves Viewmaster Construction Corporation (petitioner) and several respondents, including Allen C. Roxas, State Investment Trust, Inc., Northeast Land Development, Inc., and State Properties Corporation.
- On September 8, 1995, Viewmaster filed a complaint for specific performance, enforcement of implied trust, and damages against the respondents in the Regional Trial Court of Pasig City, Branch 166, under Civil Case No. 65277.
- The complaint alleged that Allen Roxas, a stockholder of State Investment Trust, Inc., applied for a loan from First Metro Investments, Inc. (FMIC) to secure funds for a bid to gain control of State Investment.
- FMIC agreed to provide a clean loan of ₱36,500,000.00 to Roxas, contingent upon him securing a guarantor.
- Viewmaster agreed to act as the guarantor under specific conditions, including the sale of 50% of Roxas's shares in State Investment to Viewmaster and a joint venture for developing properties in Quezon City and Las Piñas.
- Roxas failed to fulfill his obligations despite Viewmaster's guarantee, prompting Viewmaster to file the complaint.
- The respondents filed a motion to dismiss, arguing the complaint was unenforceable under the Statute of Frauds and did not state a cause of action.
- The trial court initially dismissed the complaint but later reinstated it after a motion for reconsideration.
- The Court of Appeals ruled in favor of the respondents, leading Viewmaster to file a petition for review.
Issue:
- (Unlock)
Ruling:
- The Supreme Court dismissed the petition and affirmed the decision of the Court of Appeals.
- The Court ruled that the complaint did not state a cause of action.
- The agreement was deemed unenforceable under the Sta...(Unlock)
Ratio:
- The Supreme Court reasoned that the complaint failed to establish a cause of action as it did not meet necessary legal requirements.
- A cause of action consists of a right in favor of the plaintiff, an obligation on the part of the defendant, and an act or omission by the defendant that violates the plaintiff's right.
- The agreement between Viewmaster and Roxas was not in writing, vio...continue reading
Case Digest (G.R. No. 133576)
Facts:
The case involves Viewmaster Construction Corporation (petitioner) and several respondents, including Allen C. Roxas, State Investment Trust, Inc., Northeast Land Development, Inc., and State Properties Corporation. The events leading to the case began on September 8, 1995, when Viewmaster filed a complaint for specific performance, enforcement of implied trust, and damages against the respondents in the Regional Trial Court of Pasig City, Branch 166, under Civil Case No. 65277. The complaint alleged that Allen Roxas, a stockholder of State Investment Trust, Inc., applied for a loan from First Metro Investments, Inc. (FMIC) to secure funds for a bid to gain control of State Investment, which was to be held among the Chiong/Roxas family members. FMIC agreed to provide a clean loan of ₱36,500,000.00 to Roxas, contingent upon him securing a guarantor. Viewmaster agreed to act as the guarantor under specific conditions, including the sale of 50% of Roxas's shares in State Investment to Viewmaster and a joint venture for developing certain properties in Quezon City and Las Piñas. Despite Viewmaster's guarantee, Roxas failed to fulfill his obligations, prompting Viewmaster to file the complaint. The respondents filed a motion to dismiss the complaint, arguing that it was unenforceable under the Statute of Frauds and that it did not state a cause of action. The trial court initially dismissed the complai...