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TREASURER OF PHILIPPINES v. CA AND SPS. EDUARDO OCSON AND NORA E. OCSON

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GR No. 171804
2015-08-05
REGISTER OF DEEDS OF NEGROS OCCIDENTAL v. OSCAR ANGLO
LEONEN, J.
On the other hand, respondent Anglo Agricultural Corporation was aware of the properties' defects when respondent Anglo, Sr. conveyed the properties to the corporation. The Deed of Conveyance even recognized the notices of lis pendens in the title. The law does not protect parties who knowingly enter into risky business transactions. It is part of the freedom to contract, and the state is not mandated to insure parties who enter into risky business transactions.[114] As this court has stated in La Urbana:Plaintiffs negligence is manifest in the instant case because with its knowledge of the pending litigations and of the notices of lis pendens it should not have taken the risk of purchasing the property if it had acted prudently. As it chose to run the risk, it must suffer the consequences of its own acts.[115] (Emphasis in the original)