P.L. Uy Realty Corporation v. Als Management

Summary

PLU Realty Corporation sought foreclosure of mortgage against ALS Management and Development Corporation for failure to pay installments on a property purchase. The original contract required PLU to clear the property of informal settlers before payments became due, but parties later agreed ALS would handle eviction. Despite partial clearing, 1.5 hectares of the 5.4-hectare property remained occupied by settlers. The Supreme Court denied PLU's petition, applying res judicata based on an identical prior case that reached finality in 1990. The Court emphasized that parties voluntarily agreed to defer payments until full eviction and cannot renege on their contractual obligations. The case demonstrates the binding nature of contractual stipulations and the finality of judicial determinations under res judicata principles.