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Circle Financial Corporation Vs. Court Of Appeals

CIRCLE FINANCIAL CORPORATION, petitioner, vs. COURT OF APPEALS and SPOUSES ROBERTO JURADO and FORTUNATA JURADO, respondents. Sergio S. Sison for petitioner. A.S. Javier & Associates for private respondents.

G.R. No. 77315 | 1991-04-22

D E C I S I O N


NARVASA, J.:

On September 23,1982, the spouses Roberto Jurado and Fortunata Jurado executed a deed of mortgage over real property belonging to them in favor of Tacing Regoso as security for a loan obtained from the latter in the sum of P40,150.65. The promissory note evidencing the obligation stipulated payment thereof by the Jurados in eighteen (18) monthly installments.

Two days afterwards, with the spouses' consent, Tacing Regoso assigned all his rights and interests over the promissory note and the deed of mortgage in favor of Circle Financial Corporation. 1

Some nineteen (19) months later, or on April 12, 1984,...