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* SECOND DIVISION.
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LEONEN, J.:
reconsideration.
Antonio Garcia, as seller, and Ferro Chemicals, Inc.,
through Ramon Garcia, as buyer, entered into a deed of
absolute sale and purchase of shares of stock on July 15,
1988. The deed was for the sale and purchase of shares of
stock from various corporations, including one class „A‰
share in Alabang Country Club, Inc. and one proprietary
membership in the Manila Polo Club, Inc.4 These shares of
stock were in the name of Antonio Garcia.5 The contract
was allegedly entered into to prevent these shares of stock
from being sold at public auction to pay the outstanding
obligations of Antonio Garcia.6
On March 3, 1989, a deed of right of repurchase over the
same shares of stock subject of the deed of absolute sale
and purchase of shares of stock was entered into between
Antonio Garcia and Ferro Chemicals, Inc. Under the deed
of right of
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7 Id., at p. 98.
8 Id., at p. 99.
9 Id.
10 Id., at p. 100.
11 Id.
12 Id., at pp. 100-101.
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13 Id.
14 Id., at p. 130.
15 Id.
16 Id., at p. 22.
259
Case).‰ It alleged:
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17 CA Rollo, p. 76.
18 RTC Records, pp. 1267-1269.
19 Id., at pp. 1267-1268.
20 Rollo, p. 22. The case was docketed as G.R. No. 130880.
21 Rollo, p. 89 and RTC Records, p. 1316.
22 RTC Records, pp. 1273-1317.
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23 Id., at p. 1278.
24 Id., at p. 1318.
25 Rollo, p. 22.
26 Id., at pp. 22-23.
27 The decision was penned by Associate Justice Jose Catral
Mendoza (now member of this Court) and concurred in by Presiding
Justice Romeo A. Brawner and Associate Justice Edgardo P. Cruz, First
Division of the Court of Appeals, Manila.
28 Rollo, pp. 37-49.
29 Id., at p. 48.
30 Id., at p. 45.
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the two liens of Security Bank and Insular Bank of Asia and
America, the lien of PISO was clearly not discussed. The affidavits
executed by the two lawyers to the effect that the lien of PISO was
considered but deliberately left out in the deed cannot be given
much weight as they were never placed on the witness stand and
cross-examined by Ferro Chemicals. If their affidavits, although not
offered, were considered in the criminal aspect and placed a cloud
on the prosecutionÊs thrust, they cannot be given the same probative
value in this civil aspect as only a preponderance of evidence is
necessary to carry the day for the plaintiff, Ferro Chemicals.
While Antonio Garcia insists that no consideration was ever
made over the club shares as the same were merely given for
safekeeping, the document denominated as Deed of Absolute Sale
states otherwise. It is a basic rule of evidence that between
documentary evidence and oral evidence, the former carries more
weight.
Also, We have observed that in Antonio GarciaÊs letter of
redemption addressed to Ferro Chemicals, he mentioned his
interest in redeeming the company shares only. That he did not
include the club shares only meant that said club shares no longer
had any much redeemable value as there was a lien over them. To
redeem them would be pointless.
If they had no redeemable value to Antonio Garcia, to Ferro
Chemical they were certainly marketable assets. The nondisclosure
of the third lien in favor of PISO materially affected Ferro
Chemicals since it was not able to act on time to protect its interest
when the auction sale over the club shares actually took place. As a
result, Ferro Chemicals suffered losses due to the unfortunate
public auction sale. It is but just and fair that Antonio Garcia be
made to compensate the loss pursuant to Articles 21 and 2199 of the
Civil Code.
The actual loss suffered by Ferro Chemicals amounted to
P1,000,000.00 which correspondents to the bid value of the club
shares at the time of the auction as
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38 Id., at p. 90.
39 Id., at pp. 90-91.
40 Id., at pp. 144-155.
41 Id.
42 Catholic Bishop of Balanga v. Court of Appeals, 332 Phil. 206, 218;
264 SCRA 181, 192 (1996) [Per J. Hermosisima, Jr., First Division]. See
also Rules of Court, Rule 51, Sec. 8.
43 Id., at pp. 217-218; p. 191.
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44 Id., at p. 217; p. 191. See also Rules of Court, Rule 51, Sec. 8.
45 Id., citing Korean Airlines Co., Ltd. v. Court of Appeals, G.R. No.
114061, August 3, 1994, 234 SCRA 717, 725 [Per J. Cruz, First Division];
Vda. de Javellana v. Court of Appeals, 208 Phil. 706, 714; 123 SCRA 799,
805 (1983) [Per J. Concepcion, Jr., Second Division]; Saura Import &
Export Co., Inc. v. Philippine International Co., Inc., 118 Phil. 150, 156; 8
SCRA 143, 148 (1963) [Per J. Paredes, En Banc]; Servicewide Specialists,
Inc. v. Court of Appeals, et al., 327
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punishable by
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Phil. 431, 442; 257 SCRA 643, 653 (1996) [Per J. Puno, Second
Division].
46 People v. Sps. Vanzuela, 581 Phil. 211, 219; 559 SCRA 234, 242-243
(2008) [Per J. Nachura, Third Division].
47 People v. Purisima, 161 Phil. 443, 451; 69 SCRA 341, 346 (1976)
[Per J. Martin, First Division].
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What is critical is the vexation brought upon the courts and the
litigants by a party who asks different courts to rule on the same or
related causes and grant the same or substantially the same reliefs
and in the process creates the possibility of conflicting decisions
being rendered by the different fora upon the same issues,
regardless of whether the court in which one of the suits was
brought has no jurisdiction over the action.55 (Citation omitted)
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60 Id., at p. 128.
61 RTC Records, p. 1268.
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62 Rollo, p. 23.
63 Rules of Court, Rule 110, Sec. 5.
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67 Id., at p. 108.
68 Co v. Muñoz, Jr., G.R. No. 181986, December 4, 2013, 711 SCRA
508 <http://sc.judiciary.gov.ph/pdf/web/viewer.html?
file=/jurisprudence/2013/december2013/181986.pdf> [Per J. Brion,
Second Division].
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