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Guillermo Cortes, etal. Vs. I.Appellate Court, etal

GUILLERMO CORTES and FLORENCIA P. CORTES, petitioners, vs. THE INTERMEDIATE APPELLATE COURT, ARSENIO REYES, DEVELOPMENT BANK OF THE PHILIPPINES and THE SHERIFF OF KALOOKAN CITY, respondents.

G.R. No. 73678 | 1989-07-21

D E C I S I O N


PARAS, J.:

Sought to be reversed in this petition for review is the Decision ** of the then Intermediate Appellate Court (IAC), Fourth Civil Cases Division, affirming in toto the findings and conclusions of the then Court of First Instance of Rizal (Kalookan City).

The following pertinent facts can be culled from the findings of the respondent court:

"Plaintiffs' evidence shows that on June 23, 1959 plaintiffs obtained a loan from defendant DBP in the sum of P1,700.00 payable in semi-annual installments for ten (10) years or on or before June 23, 1969. Said loan is evidenced by a promissory note (Exh. A for plaintiff)...