G.R. No. 253428 - Guerrero Estate Development Corp. vs. Leviste and Guerrero Realty Corp.

Guerrero Estate Development Corp. vs. Leviste and Guerrero Realty Corp.

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Title Supreme Court: Guerrero Estate Development Corp. vs. Leviste and Guerrero Realty Corp.

Case: G.R. No. 253428

Decision Date: Feb 16, 2022

Heirs formed GEDCOR, entered a joint venture with ADRC, and later with Conrad Leviste to develop land. Dispute arose when LGRC stopped remitting GEDCOR's 45% rental share. SC upheld RTC's deposit order as a provisional remedy, preserving income pending case resolution.

joint venture agreement

rental income

provisional remedy

Very Long 37 min

END