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66 OLYMPIA HOUSING, INC., Petitioner, Vs - PANASIATIC TRAVEL CORPORATION and MA. NELIDA GALVEZ-YCASIANO, Respondents
66 OLYMPIA HOUSING, INC., Petitioner, Vs - PANASIATIC TRAVEL CORPORATION and MA. NELIDA GALVEZ-YCASIANO, Respondents
66 OLYMPIA HOUSING, INC., Petitioner, Vs - PANASIATIC TRAVEL CORPORATION and MA. NELIDA GALVEZ-YCASIANO, Respondents
*
G.R. No. 140468. January 16, 2003.
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* FIRST DIVISION.
299
VITUG, J.:
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300
301
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22, 1987 for P19,752.00 thru credit memo no. 146. After this
payment the outstanding balance1 was P664,822.78. The 36th and
37th installments were not paid.”
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303
“I
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2 Rollo, p. 193.
304
“II
“III
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305
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7 Rollo, p. 32.
306
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8 Rollo, p. 59.
307
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9 Rollo, p. 191.
10 Layug vs. IAC, supra.
11 Sec. 2, R.A. No. 6552.
308
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12 Leaño vs. Court of Appeals, G.R. No. 129018, 15 November 2001, 369
SCRA 36.
13 Rillo vs. Court of Appeals, 274 SCRA 461 (1997).
14 Supra.
15 Paragraph 5 of the complaint alleged that “for failure of Defendants
to pay their unpaid installments to Plaintiff within the grace period of 30
days as mandated by Republic Act 6552, otherwise known as the Maceda
Act, Plaintiff rescinded said contract by a Notarial Act of Rescission.”
309
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310
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