88-Florencio-Deudor-vs-JM-Tuason

Failure on the part of the persons named in this

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Unformatted text preview: the 'Deudors' would deliver the possession of the remaining 30 quiñones unto the said companies. The impatience of the J.M. Tuason & Co., Inc. and Gregorio Araneta, Inc. is understandable, considering that it is almost four years since the decision became final and yet the 'Deudors' have utterly failed to deliver the 30 quiñones. The Compromise Agreement does not state any specified period within which the 'Deudors' have to definitely comply with their obligations, but in accordance with Article 1197 of the new Civil Code this Court is authorized and empowered to set a period within which they shall fulfill and comply with all their obligation petitions. This Court is of the opinion that a period of four (4) months from date hereof is more than ample time within which the 'Deudors' may comply with their obligations under the Compromise Agreement, having in mind that more than 42 months have elapsed before the 20 quiñones were in fact deli...
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