12. Central Philippine University v. CA G.R. No. 112127, July 17, 1995, 246 SCRA 511 FACTS: In 1939, Don Ramon Lopez Sr. executed a deed of donation in favor of CPU together with the following conditions: 1.) The land should be utilized by CPU exclusively for the establishment & use of medical college; 2.)The said college shall not sell transfer or convey to any 3rd party; 3.)The said land shall be called “Ramon Lopez Campus” and any income from that land shall be put in the fund to be known as “Ramon Lopez Campus Fund”. However, on May 31, 1989, PR, who are the heirs of Don Ramon filed an action for annulment of donation, reconveyance & damages against CPU for not complying with the conditions. The heirs also argued that CPU had negotiated with the NHA to exchange the donated property with another land owned by the latter. Petitioner alleged that the right of private respondents to file the action had prescribed. ISSUE: 1. WON petitioner failed to comply the resolutely conditions annotated at
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