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Aurora Tambunting, etal. Vs. Courto of Appeals etal

AURORA TAMBUNTING, ANTONIO TAMBUNTING, JOSE P. TAMBUNTING and THE ACTING PROVINCIAL SHERIFF FOR THE PROVINCE OF RIZAL, petitioners, vs. HON. COURT OF APPEALS, DAMASO R. CRUZ, and MONICA ANDRES, respondents.

G.R. No. L-48278 | 1988-11-08

D E C I S I O N


PADILLA, J.:

On 16 December 1959, private respondents, spouses Damaso R. Cruz and Monica Andres (hereafter, the Cruzes) obtained a loan from petitioners, spouses Antonio and Aurora Tambunting (hereafter, the Tambuntings) in the amount of P3,600.00. The Tambuntings are engaged in the lending-pawnshop business using the name and style "Agencia de Tambunting", with co-petitioner Jose P. Tambunting as Manager. The loan was evidenced by a promissory note executed by the Cruzes, payable within four (4) months from 16 December 1959, with interest at 12% per annum. As security for payment of the loan, a Deed of Real Estate...