Petitioner filed a petition for review of the decision of the Court of Appeals setting aside the order of the Court of First Instance of Cebu remanding the ejectment case to the city court for further proceedings, and affirming the judgment of the city court.

However, pending resolution of said petition, the opposing parties executed a compromise agreement on the basis of which the Supreme Court, upon motion of the parties, rendered judgment accordingly.

Petition dismissed.

REMEDIAL LAW; PETITION FOR REVIEW; DISMISSAL THEREOF IS WARRANTED WHERE, PENDING RESOLUTION OF THE PETITION, THE PARTIES EXECUTE A COMPROMISE AGREEMENT AND JUDGMENT IS RENDERED IN ACCORDANCE THEREWITH; CASE AT BAR. — The Supreme Court will dismiss a petition for review and consider the case closed where, pending resolution of the petition, the parties had executed a compromise agreement and judgment is rendered in accordance therewith.

The petitioners appealed from the decision of the Court of Appeals dated April 10, 1981, setting aside the order of the Court of First Instance of Cebu dated February 28, 1979, remanding two ejectment cases to the city court of Cebu City for further proceedings, and affirming the judgment of the city court (Yu v. Po, CA-G. R. No. SP-09263).

In this Court’s resolution of August 16, 1982, the respondents were required to comment on the petition for review.

On September 24, 1982 the parties mailed to this Court their compromise agreement dated September 8, 1982 with a motion for its approval. The agreement is quoted below:jgc:chanrobles.com.ph

"COMPROMISE AGREEMENT

"COME NOW the parties in this case, represented by their respective counsel, and to this Honorable Court, most respectfully submit the following Compromise Agreement:jgc:chanrobles.com.ph

"1. That the private respondents will withdraw and move for the dismissal of Civil Case No. R-18680 of the City Court of Cebu as well as Civil Case No. R-18679:jgc:chanrobles.com.ph

"2. That the petitioners in turn will withdraw and move as they hereby withdraw and move for the dismissal of their petition for review which they filed with this Honorable Court:jgc:chanrobles.com.ph

"3. That the parties agree that the petitioners Tee See, and Carlos Po, represented by TLP Appliances, through its officer-in-charge, Eduardo Po, will pay rentals to private respondents of P4,500.00 per month per unit or per store space for two (2) years beginning July, 1982 up to June, 1984; for two units or store spaces, P9,000.00 per month plus P500.00 per month for the one-half (1/2) bodega space located at Manalili Street, Cebu City; or a total of P9,500.00/month:jgc:chanrobles.com.ph

"4. That after the expiration of said period and the said petitioners continue to occupy the leased premises, the rental shall automatically be increased by 10% for the next two-year period:jgc:chanrobles.com.ph

"5. That after the expiration of the text two-year period and the petitioners still desire to occupy the leased premises, then they may do so upon such terms and conditions that they may agree with the private respondents:jgc:chanrobles.com.ph

"6. That the herein petitioners who are required to pay their rentals to herein private respondents shall pay their rentals to the following: Patrocinio Yu, 25% Anita Abellanosa, 25% and Ong Oh, 50%:jgc:chanrobles.com.ph

"7. That all minor repairs and expenses for the improvement or renovation of the rented premises shall be for the account of the petitioners including the day to day repair or ordinary wear and tear of the rented premises. However, major repairs of damages like the ones occasioned by calamities like earthquakes, heavy floods, which make the place unfit for business purposes shall be for the account of the respondent:jgc:chanrobles.com.ph

"8. Petitioners may not sublease their rented premises without the consent of the respondents;

"9. That they will pay to the private respondents upon the signing of this agreement the sum of P2,000.00 as earnest money to be applied to the rentals for September, 1982;

"10. That the Compromise Agreement is without prejudice to the outcome of other cases pending between the parties before the other courts involving the leased premises.

"WHEREFORE, premises considered this Honorable Court is most respectfully prayed to approve this Compromise Agreement and dismiss the instance petition on the basis thereof.

"Cebu City, (for Manila), September 8, 1982.

TLP APPLIANCES PATROCINIO YU

Manalili Street

Cebu City

By:chanrob1es virtual 1aw library

(Sgd.) Anita Abellanosa

(Typed) ANITA ABELLANOSA

(Sgd.) Illegible (Sgd.) Ong Oh

(Typed) EDUARDO PO (Typed) ONG OH

Officer-in-Charge

(In representation of

Tee See and Carlos Po)

ASSISTED BY: ASSISTED BY:chanrob1es virtual 1aw library

(Sgd.) Illegible (Sgd.) Illegible

(Typed) PABLO P. GARCIA (Typed) FRANCIS ZOSA

Counsel for the Counsel for respondents"

Petitioners

WHEREFORE, the compromise agreement is approved and judgment is rendered in accordance therewith. This case is dismissed and considered closed. No costs.

SO ORDERED.

Makasiar (Chairman), Concepcion, Jr., Guerrero, Abad Santos, De Castro and Escolin, JJ., concur.