This case has been cited 1 times or more.
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2001-12-07 |
QUISUMBING, J. |
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| A compromise agreement, once approved by final order of the court, has the force of res judicata between the parties and should not be disturbed except for vices of consent or forgery.[9] In this case, the compromise agreement clearly provided private respondents six months, i.e. from August 25, 1993 to February 25, 1994, to deliver the titles to the three parcels of land described in the agreement. If after the lapse of the said period and no delivery is yet made by private respondents, ownership over the land covered by TCT No. RT-6652 would be transferred to petitioners. As the facts of this case show, private respondents failed to deliver the titles on February 25, 1994, as it was only on March 4, 1994, when they gave the titles to petitioners. Hence, pursuant to the terms of the compromise agreement, petitioners could rightfully refuse acceptance of the titles. It was error therefore for the trial court to grant the writ of execution in favor of private respondents because it effectively compelled petitioners to accept delivery of the three titles in exchange for the release of the land covered by TCT No. RT-6652 even after the lapse of the six-month period. | |||||