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7/12/2021 G.R. No. 181426, July 13, 2015 - GAMES AND GARMENTS DEVELOPERS, INC., Petitioner, v.

ioner, v. ALLIED BANKING CORPORATION, Re…

Pantaleon/Sucat Import/Export who is


purchasing the above-mentioned property
has an approved real estate loan with us in
the amount of PESOS: ELEVEN MILLION ONLY
(P11,000,000.00), the portion of the
proceeds of which shall be used to partially
liquidate the account with you. Succeeding
releases which is secured by the subject
7.7 Lowest Price Sale
Lazada Philippines property will be made payable to Games and
Garments Developers, Inc.

After said Transfer Certificate of Title (TCT)


covering said property is already transferred


July-2015
in our client's name, our mortgage duly
Jurisprudence           
annotated thereon, we guarantee to pay
     

directly to you the amount of PESOS: EIGHT


MILLION THREE HUNDRED SIXTY THOUSAND


G.R. No. 205681,
ONLY (P8,360,000.00) ninety days from
July 01, 2015 - JANET
August 23, 1996 or on or before November
CARBONELL,
21, 1996.

Petitioner, v. JULITA A.

CARBONELL-MENDES,
It is understood that this guaranty is
REPRESENTED BY HER
BROTHER AND irrevocable.7

ATTORNEY-IN-FACT,
Upon the spouses Pantaleon's request, and assured by
VIRGILIO A.
Mercado's letter dated August 22, 1996, GGDI, through
CARBONELL,
its President Sunder Hemandas (Hemandas), executed a
Respondent.
Deed of Sale8 on August 23, 1996 in favor of the

spouses Pantaleon. However, in the Deed of Sale, the


G.R. No. 208686,
amount of purchase price for the subject property was
July 01, 2015 -
reduced to P11,000,000.00, payable to GGDI thus:

PEOPLE OF THE
PHILIPPINES, 1. Upon signing of this Deed, [Bienvenida]
Appellee, v. ALELIE shall pay [GGDI] the sum of THREE MILLION
TOLENTINO A.K.A. PESOS (P3,000,000.00), Philippine Currency,
"ALELIE TOLENTINO Y receipt of which is hereby acknowledged by
HERNANDEZ," [GGDI] from [Bienvenida] and the balance of
Appellant. the purchase price in the sum of EIGHT

MILLION PESOS (P8,000,000.00) plus

https://www.chanrobles.com/cralaw/2015julydecisions.php?id=693 5/67

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