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Spouses Cesar De Ramos, Et Al. Vs. Court Of Appeals, Et Al.

SPOUSES CESAR DE RAMOS, and CECILIA DE RAMOS, petitioners, vs. HONORABLE COURT OF APPEALS and SPOUSES FLAVIO DEMAMAY and ESTELITA DEMAMAY, respondents.

G.R. No. 86844 | 1992-09-01

D E C I S I O N


DAVIDE, JR., J.:

We are called once again to determine whether a case is barred by res judicata.

Private respondents mortgaged their 230 square meter residential lot located in Modern Village, Paciano Rizal, Calamba, Laguna and covered by Transfer Certificate of Title No. T-35475 in the Register of Deeds of the Province of Laguna, to the Luzon Development Bank (hereinafter, the Bank) as security for a loan of P10,000.00 which is evidenced by a promissory note. The said note provides that if there is a default in the payment of any of the installments as they become due, the entire unpaid balance, together with the...