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Fil. Investment & Finance Corp. vs. I.A.Court, etal

FILIPINAS INVESTMENT and FINANCE CORPORATION, petitioner, vs. INTERMEDIATE APPELLATE COURT and FELIMON CUEVAS, respondents.

G.R. Nos. 66059-60 | 1989-12-04

D E C I S I O N


MEDIALDEA, J.:

This is a petition for review on certiorari of the decision of the Intermediate Appellate Court (now Court of Appeals) dated October 28, 1983 and its resolution dated December 29, 1983 in AC-G.R. CV No. 58626-27 entitled, "Filipinas Investment and Finance Corporation v. Felimon Cuevas."

The antecedent facts in the instant case are as follows:

On November 21, 1963, respondent Felimon Cuevas purchased from Ace Consolidated Inc. one unit Nissan truck and executed a promissory note in favor of the corporation for the balance of the installment price in the amount of P38,135.26. To secure the payment of said...