Case Digest: LBP vs Livioco GR No 170685
Case Digest: LBP vs Enrique Livioco GR No 170685 September 22, 2010 Facts: Livioco was the owner of a 30.6329 hectares sugarland. Sometime in 1987 to 1988 he offered his sugarland to the DAR for acquisition under the CARP at P 30.00 per square meter, for a total of P 9,189,870.00. The voluntary offer-to-sell form he submitted to the DAR indicated that his property is adjacent to residential subdivision and to an international paper mill. LBP valuated the 26 hectares of such land for P 827,943.48 at P 3.21 per square meter. Livioco was promptly informed of the valuation and that the cash portion of the claim proceeds have been kept in trust pending his submission of the requirements. LBP did not act upon the notice given to him by both government agencies. Thereafter the LBP i...