This case has been cited 1 times or more.
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2004-06-04 |
PUNO, J. |
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| Thus, par. 3 of the agreement provides that the Leaño Spouses "bind themselves to assume as they hereby assume beginning on July 1, 1987, the payment of the unpaid balance x x x x" Hence, the Leaño Spouses merely bound themselves to assume, which they actually did upon the signing of the agreement, the obligations of the Barredo Spouses with the SSS and Apex. Nowhere in the agreement was it stipulated that the sale was conditioned upon their full payment of the loans with SSS and Apex. When the language of the contract is clear, it requires no interpretation,[8] and its terms should not be disturbed.[9] The primary and elementary rule of construction of documents is that when the words or language thereof is clear and plain or readily understandable by any ordinary reader thereof, there is absolutely no room for interpretation or construction anymore[10] and the literal meaning of its stipulations shall control.[11] | |||||