Beruflich Dokumente
Kultur Dokumente
*
G.R. No. 135362. December 13, 1999.
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* SECOND DIVISION.
611
tive dissent in Vega v. San Carlos Milling Co., this Court has
recognized arbitration agreements as valid, binding, enforceable
and not contrary to public policy so much so that when there
obtains a written provision for arbitration which is not complied
with, the trial court should suspend the proceedings and order the
parties to proceed to arbitration in accordance with the terms of
their agreement. Arbitration is the “wave of the future” in dispute
resolution. To brush aside a contractual agreement calling for
arbitration in case of disagreement between parties would be a
step backward.
Same; Same; As a contract, the Agreement containing the
stipulation on arbitration, binds the parties thereto, as well as
their assigns and heirs.—A submission to arbitration is a contract.
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Salas, Jr., who had then been missing for more5 than seven
(7) years. It was granted on December 12, 1996.
Meantime, respondent Laperal Realty subdivided the
land of Salas, Jr. and sold subdivided portions thereof to
respondents Rockway Real Estate Corporation and South
Ridge Village, Inc. on February 22, 1990; to respondent
spouses
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613
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614
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16 Manila Electric Company v. Pasay Transportation Co., 57 Phil. 600,
603 (1932).
17 Art. 1311, Civil Code.
615
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616
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Corporation
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617
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