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DKC Holdings v. CA
G.R. No. 118248. April 5, 2000
In the case at bar, the subject matter of the contract is a lease, which is a property right.
The death of a party does not excuse nonperformance of a contract which involves a
property right, and the rights and obligations thereunder pass to the personal
representatives of the deceased. Similarly, nonperformance is not excused by the death
of the party when the other party has a property interest in the subject matter of the
contract.