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Bicol Saving & Loan Assoc. vs. Court of Appeals eta

BICOL SAVINGS AND LOAN ASSOCIATION, petitioner, vs. HON. COURT OF APPEALS, CORAZON DE JESUS, LYDIA DE JESUS, NELIA DE JESUS, JOSE DE JESUS, AND PABLO DE JESUS, respondents.

G.R. No. 85302 | 1989-03-31

D E C I S I O N


MELENCIO-HERRERA, J.:

This Petition for Review on Certiorari was filed by Bicol Savings and Loan Association, seeking the reversal of the Decision * of the respondent Court of Appeals in CA-G.R. CV No. 02213, dated 11 August 1988, which ruled adversely against it. The pleadings disclose the following factual milieu:

Juan de Jesus was the owner of a parcel of land, containing an area of 6,870 sq. ms., more or less, situated in Naga City. On 31 March 1976, he executed a Special Power of Attorney in favor of his son, Jose de Jesus, "To negotiate, mortgage my real property in any bank either private or public entity...