Magdalena Estate v. Rodriguez

G.R. No. L-18411, 17 December 1966 FACTS:  Spouses Rodriguez bought form the petitioner a parcel of land in Quezon City. There was an unpaid balance of P5,000.00 on account of the price of the lot which was covered by the promissory note issued by respondents. On the same date, Respondents and Luzon Surety Co., Inc. [...]

By |2018-05-17T06:24:59+00:00May 15th, 2018|Case Digests|0 Comments

Silahis Marketing Corp vs. IAC

G.R. No. L-74027, 7 December 1989 FACTS: On various dates in October, November and December, 1975, Gregorio de Leon doing business under the name and style of Mark Industrial Sales sold and delivered to Silahis Marketing Corporation, and its president Jose Taylo various items of merchandise covered by several invoices in the aggregate amount of [...]

By |2018-07-16T05:47:32+00:00May 15th, 2018|Case Digests|0 Comments

Millar v. CA

G.R. No. L-29981, 30 April 1971 FACTS: Millar obtained a favorable condemning Antonio P. Gabriel to pay him the sum of P1,746.98 with interest at 12% per annum from the date of the filing of the complaint, the sum of P400 as attorney's fees, and the costs of suit. The lower court issued the writ [...]

By |2018-07-16T05:49:39+00:00May 15th, 2018|Case Digests|0 Comments

Ong v. Bognabal

G.R. No. 149140, 12 September 2006 FACTS: Petitioner contracted services of the respondent for construction of a boutique which were to be paid by progress billings to be paid every 2 weeks. Petitioner refused to pay progress billing no. 4 which prompted the suit for collection. Respondent alleged that petitioner unjustifiably demanded to change floor [...]

By |2018-05-17T06:34:41+00:00May 15th, 2018|Case Digests|0 Comments

Sps. Reyes v. BPI Family

G.R. No. 149840, 31 March 2006 FACTS:  Reyes spouses executed a real estate mortgage on their property in favor BPI-FSB to secure a P15,000,000 loan of Transbuilders. The mortgage contract between petitioners and BPI-FSB provides: That for and in consideration of the above-mentioned sum received by way of a loan, and other credit accommodations of whatever [...]

By |2018-05-17T06:37:21+00:00May 15th, 2018|Case Digests|0 Comments

Garcia v. Llamas

G.R. No. 154127, 8 December 2003 FACTS: Petitioner Romeo Garcia and de Jesus borrowed P400,000.00 from respondent Dionisio Llamas. They executed a promissory note wherein they bound themselves jointly and severally to pay the loan with a 5% interest/month. The loan has long been overdue and, despite repeated demands, petitioner and de Jesus have failed [...]

By |2018-07-06T03:22:18+00:00May 15th, 2018|Case Digests|0 Comments

Reyes v. Secretary of Justice

G.R. No. 120817,4 November 1996 FACTS: Reyes is the president of EUROTRUST, a domestic corporation engaged in credit finance, entered into a contract of loan with Eleazar the president of BERMIC, a domestic enterprise engaged in real estate development. Based on their contract EUROTRUST extended financial support for the construction of BERMIC’s Condominium and Business [...]

By |2018-05-17T06:45:56+00:00May 15th, 2018|Case Digests|0 Comments

Astro Electronics Corp. v. Philippine Export and Foreign Loan Guarantee Corporation

G.R. No. 136729, 23 September 2003 FACTS: Astro was granted several loans by the Philippine Trust Company (Philtrust) amounting P3M w/ interest and secured by 3 promissory notes: December 14, 1981: P600,000.00, December 14, 1981: P400,000.00, and August 27, 1981: P2,000,000.00. Petitioner Roxas signed twice, as President of Astro and in his personal capacity. Roxas [...]

By |2018-07-16T06:54:54+00:00May 15th, 2018|Case Digests|0 Comments

Metrobank v. Rural Bank of Gerona

G.R. No. 159057, 5 July 2010 FACTS: The Central Bank and the RBG entered into an agreement providing that RBG shall facilitate the loan applications of farmers-borrowers. The agreement required RBG to open a separate bank account where the IBRD loan proceeds shall be deposited. The RBG accordingly opened a special savings account with Metrobanks [...]

By |2018-07-16T06:54:38+00:00May 15th, 2018|Case Digests|0 Comments

Gabriel v. Monte de Piedad and CA

G.R. No. L-47806, 14 April1941 FACTS: Petitioner Gabriel was employed as an appraiser of jewels in the pawnshop of Monte de Piedad. He executed a chattel mortgage to secure the payment of the deficiencies which resulted from his erroneous appraisal of the jewels pawned to the appellee, amounting to P14,679.07, with six percent (6%) interest [...]

By |2018-07-06T05:48:14+00:00May 15th, 2018|Case Digests|0 Comments
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