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Sps. Ramon R. Nacu And Lourdes I. Nacu Vs. Court Of Appeals, Et Al.

Spouses RAMON R. NACU and LOURDES I. NACU, petitioners, vs. THE COURT OF APPEALS and PILIPINAS BANK, respondents.

G.R. No. 108638 | 1994-03-11

D E C I S I O N


NOCON, J.:

The pith of the issues in this petition is the question of whether or not the real estate mortgage undertaken by Spouses Ramon R. Nacu and Lourdes Nacu, in favor of Home Construction ---- Joint Venture was extended, amplified or modified to cover the loan transaction of Ramon R. Nacu, in his capacity as one of the executive officers of the Joint Venture of JBS Construction, Inc. and P.I. Construction and Services Co., Inc., by virtue alone of the comprehensive provision in the mortgage contract that:

". . . it shall also stand as security for the payment of the said promissory note or notes, and/or...