Swire Realty Development · G.R. 207133

Petitioner: Swire Realty Development Corporation
Respondent: Jayne Yu
Citation: G.R. No. 207133
Court: Supreme Court
Division: Third Division
Ponente: Peralta, J.
Decided: March 9, 2015

Summary

Swire Realty and Jayne Yu entered a contract to sell a condominium unit in 1995. Despite Yu's full payment by 1997, Swire failed to complete and deliver the unit by the December 1999 deadline. Yu sued for rescission. The case traversed multiple forums with conflicting decisions. The Supreme Court ultimately denied Swire's petition, ruling that their appeal to the Office of the President was filed late, making the HLURB Board's rescission order final. On the merits, the Court found Swire's delay in completion and delivery constituted substantial breach under Article 1191 of the Civil Code, warranting rescission with refund and damages. The decision upholds buyers' rights against developers who fail to fulfill contractual obligations despite full payment.

Statutes applied

Civil Code, Art. 1191

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By the Intellegal Editorial Board · March 9, 2015

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