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ISLAND SALES v. UNITED PIONEERS GENERAL CONSTRUCTION COMPANY

This case has been cited 4 times or more.

2012-06-27
BRION, J.
Subsequently, the respondent moved for pre-trial.[25] Tala Realty opposed the motion and filed again a motion to suspend proceedings,[26] citing the pendency with this Court of G.R. No. 132703,[27] a petition for certiorari that assailed the CA's affirmance[28] of the dismissal order of the Iloilo City RTC (Branch 28) in Civil Case No. 22493.[29]
2000-06-23
DE LEON, JR., J.
On August 25, 1981, respondent Banco Filipino sold the above branch sites to Tala Realty under separate deeds of sale for each branch site. On the same date, Tala Realty leased the same branch sites to Banco Filipino under separate instruments for each branch site.[7]
2000-06-23
DE LEON, JR., J.
Banco Filipino alleges that a trust was created by virtue of the above transactions. Tala Realty was allegedly established to serve as a corporate medium to warehouse the legal title of the said properties for the beneficial interest of Banco Filipino and to purchase properties to be held in trust for the latter.[10]
2000-06-23
DE LEON, JR., J.
Due to Banco Filipino's failure to comply with Tala Realty's terms, the latter carried out its threat by filing numerous ejectment suits against Banco Filipino.[12] This prompted Banco Filipino to file, on August 16, 1995, an action for recovery of real properties[13] before the Regional Trial Court of Iloilo, Branch 28, on the ground of breach of trust. Incidentally, during the period from August to September 1995, Banco Filipino also filed sixteen (16) other complaints for recovery of real properties which it had previously sold to Tala Realty.[14]