Pesane Animas Mongao v. Pryce Properties Corporation

Summary

This case involves a dispute over rescission of a real property sale contract. Petitioner Mongao sold property to respondent corporation under a Memorandum of Agreement requiring payment solely to her. When respondent offered payment jointly to petitioner and her mother, petitioner refused and sought rescission. The RTC granted judgment on the pleadings in favor of petitioner, but the Court of Appeals reversed, requiring trial on the merits. The Supreme Court ultimately reinstated the RTC decision, holding that judgment on the pleadings was proper because respondent's answer admitted material allegations supporting rescission while failing to raise genuine defenses. The Court found respondent's claim that petitioner was merely a trustee insufficient to defeat the rescission claim, and ruled that respondent's deposit with the court clerk did not constitute proper consignation under the Civil Code.