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SPS. ALEXANDER CRUZ AND ADELAIDA CRUZ v. ELEUTERIO LEIS

This case has been cited 3 times or more.

	GR NO. 161223 2005-09-12	VIRGILIO A. CADUNGOG v. JOCELYN O. YAP CALLEJO, SR., J.
SO ORDERED.[41] The appellate court held that the period to redeem the subject properties had already elapsed as early as 1989, or 10 years after the execution of the Deed of Sale with Right of Repurchase on August 17, 1979. In view of Virgilio's failure to redeem the same, he lost ownership over the disputed lots. Jocelyn acquired ownership over the property when she purchased the same from Virgilio on September 30, 1991 under the Deed of Absolute Sale. Citing Cruz v. Leis,[42] the CA ruled that Jocelyn could not be faulted for not consolidating the title over the subject lots, as the act of consolidating title is not a condition sine qua non to the transfer of ownership. The appellate court declared that the P50,000.00 Franklin received from Virgilio on May 25 and 26, 1997 was the refund of the cost of Parcel Nos. 5 and 6 which Virgilio sold to the APC Group, Inc., the same lots sold to Franklin in 1999.
	GR NO. 152199 2005-06-23	LUIS S. MISTERIO v. CEBU STATE COLLEGE OF SCIENCE CALLEJO, SR., J.
The failure of the vendee a retro to repurchase the property vests upon the latter by operation of law the absolute title and ownership over the property sold.[16]
	GR NO. 149756 2005-02-11	MYRNA RAMOS v. SUSANA S. SARAO PANGANIBAN, J.
In a pacto de retro, ownership of the property sold is immediately transferred to the vendee a retro, subject only to the repurchase by the vendor a retro within the stipulated period.[21] The vendor a retro's failure to exercise the right of repurchase within the agreed time vests upon the vendee a retro, by operation of law, absolute title to the property.[22] Such title is not impaired even if the vendee a retro fails to consolidate title under Article 1607 of the Civil Code.[23]