Romualdo Anselmo For Himself v. Spouses William Hernandez & Rosemarie Hernandez

Summary

This case involved a dispute over whether a deed of absolute sale was genuine or constituted an equitable mortgage. Petitioner Anselmo and his deceased wife sold their property to respondent spouses Hernandez for P2,500,000, but petitioners claimed the transaction was actually a loan secured by the property. The wife had previously obtained a P2,500,000 loan from Boston Equity Resources, Inc., where William Hernandez served as president. All three courts upheld the validity of the sale, finding sufficient consideration and rejecting claims of simulation or fraud. The Supreme Court modified the decision by deleting awards for moral damages, exemplary damages, and attorney's fees for lack of factual and legal basis, while affirming the order for petitioners to deliver possession of the property to respondents.