- Petitioner
- Specified Contractors & Development
- Respondent
- Jose A. Pobocan
- Citation
- G.R. No. 212472
- Court
- Supreme Court
- Division
- First Division
- Ponente
- Tijam, J.
- Decided
- January 11, 2018
Summary
This case involved a former company president's claim for specific performance to compel execution of deeds for condominium units allegedly promised as compensation. The Supreme Court clarified this was a personal action for specific performance, not a real action, and applied the 6-year prescription period for oral contracts under Article 1145 of the Civil Code. Since the alleged oral agreements were made in 1994 and 1999, but the complaint was filed only in 2011, the action was time-barred. The Court rejected arguments about partial performance and ruled that prescription had set in, dismissing the complaint. The decision emphasizes the importance of written agreements and timely assertion of contractual rights, demonstrating how prescription periods protect against stale claims based on oral agreements.