Spouses Mario and Julia Gaspar v. Hermino Angel Disini, Jr., Joseph Yu, and Diana Salita, G.R. No. 239644, February 3, 2021
FACTS: The property subject of the litigation is a year 2000 model, white Mitsubishi Pajero with plate number WVC-555. The subject vehicle, registered in the name of a certain Artemio Marquez, was mortgaged by the latter as security for a loan obtained from Legacy Lending Investor. Legacy is owned by Joseph Yu. Marquez failed to pay his loan, leading Legacy to seize the Pajero. To facilitate the disposal of the Pajero, Marquez executed and signed a Deed of Sale in blank, that is, without the name and details of the buyer. Spouses Gaspar who are engaged in the business of buying and selling second-band vehicles, purchased the subject Pajero from Legacy for the price of 1,000,000, as shown by a manager's check for said amount, and a receipt therefor signed by Diana Salita, Yu's employee, dated July 12, 2002. Rocky Gaspar, son of the Spouses Gaspar, offered the Pajero for sale to Disini, who agreed to buy it for the total purchase price of 1,160,000. On July 22, 2002, Disini...