Petitioner
J. Tiosejo Investment Corp.
Respondent
Spouses Benjamin
Citation
G.R. No. 174149
Court
Supreme Court
Division
First Division
Ponente
Perez, J.
Decided
September 8, 2010

Summary

J. Tiosejo Investment Corp. (JTIC) and Primetown Property Group, Inc. (PPGI) entered into a joint venture for condominium development. When PPGI failed to complete the project on time, buyers Spouses Ang sought rescission and refund. The HLURB held both companies solidarily liable under partnership principles, ordering refund of payments plus damages and administrative fines. JTIC's appeals were dismissed by the Office of the President and Court of Appeals for procedural violations (late filing). The Supreme Court denied JTIC's final appeal, emphasizing that procedural rules cannot be disregarded and that joint venture partners are solidarily liable for obligations to third parties under the Civil Code partnership provisions. The decision establishes important precedents on joint venture liability and strict adherence to procedural requirements in appeals.

Statutes applied

By the Intellegal Editorial Board · September 8, 2010

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