Title
Spouses Reyes vs. Heirs of Malance
Case
G.R. No. 219071
Decision Date
Aug 24, 2016
Benjamin Malance's heirs contested a loan agreement (Kasulatan) with the Magtalas sisters, alleging forgery and incapacity. SC upheld the contract as antichresis, ruling the Magtalas sisters could retain land until the P600,000 loan was repaid, with no interest due. Annual accounting of land yield required.

Case Summary (G.R. No. 219071)

Procedural History

The Malance heirs lodged a complaint before the RTC for recovery of possession and nullity of the Kasulatan. The RTC dismissed the complaint for lack of proof of forgery and confirmed the antichresis contract. The CA affirmed the RTC, but calculated that only P218,106.84 had been received by Benjamin for expenses, resulting in an outstanding balance of P4,320.84 to be settled before turnover of possession. A motion for reconsideration was denied, prompting the certiorari petition.

Issues Presented

  1. Whether the Court of Appeals erred in limiting Benjamin’s actual proceeds from the P600,000 loan to only P218,106.84.
  2. Whether legal interest accrues despite the absence of an express stipulation.

Supreme Court’s Analysis on Notarization and Authenticity

Notarized documents carry a presumption of regularity, but this applies only when the notarization is compliant with the Rules on Notarial Practice. The Kasulatan lacked proper identification under Section 12, Rule II of the 2004 Rules on Notarial Practice. Nevertheless, the petitioners met the preponderance standard by presenting Atty. Cenon Navarro’s testimony that he recognized Benjamin from an official Senior Citizen ID and witnessed the execution and money exchange. The heirs’ unsupported allegation of forgery was insufficient to overcome this proof.

Validation of the Antichresis Contract

Under Article 2132 of the Civil Code, antichresis grants the creditor possession of the debtor’s immovable property and the right to apply its fruits to interest and principal. The Kasulatan explicitly authorized petitioners to collect and apply the harvest toward the P600,000 obligation for six years, extinguishing the contract upon full payment. No interest was stipulated; hence none accrues.

Computation of Outstanding Balance

The land yields 107 cavans of palay annually at P600 per cavan (gross P64,200; net P32,100 after expenses). From June 2006 to August 2016 (10.1667 years), the net income applied totals P326,351.07. De




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