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Sps. Ramon And Erlinda Tarnate Vs. Court Of Appeals, Et Al.

SPOUSES RAMON TARNATE and ERLINDA TARNATE, petitioners, vs. HONORABLE COURT OF APPEALS, HON. JUDGE REGIONAL TRIAL COURT BATANGAS and IBAAN RURAL BANK, INC., respondents.

G.R. No. 100635 | 1995-02-13

D E C I S I O N


VITUG, J.:

This petition for review on certiorari disputes the decision, dated 20 March 1991, of the Court of Appeals, as well as its resolution of 26 June 1991 denying the motion for reconsideration of said decision, that has affirmed a summary judgment of the court a quo.

The facts, gathered from the questioned decision, may be summarized thusly:

In order to secure various loans obtained from the Ibaan Rural Bank, Inc., the spouses Ramon and Erlinda Tarnate, along with Vicente Templo and Manuel Villacorte, executed real estate mortgages over different parcels of land, each covered by a Transfer Certificate of Title...