This case has been cited 1 times or more.
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2011-09-14 |
MENDOZA, J. |
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| They further argued that the Heirs of Alfonso failed to appreciate that the Deed of Sale was clear enough to convey the subject parcels of land. Citing jurisprudence, they contend that there is a presumption that an instrument sets out the true agreement of the parties thereto and that it was executed for valuable consideration,[11] and where there is no doubt as to the intention of the parties to a contract, the literal meaning of the stipulation shall control.[12] Nowhere in the Deed of Sale is it indicated that the transfer was only for taxation purposes. On the contrary, the document clearly indicates that the lands were sold. Therefore, they averred that the literal meaning of the stipulation should control. | |||||