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Sps. Florante & Laarni Bautista vs Pilar Development Corp

SPOUSES FLORANTE and LAARNI BAUTISTA, petitioners, vs. PILAR DEVELOPMENT CORPORATION, respondent.

G.R. No. 135046 | 1999-08-17

D E C I S I O N

PUNO, J.:

This petition for review seeks to reverse and set aside the Decision and Resolution of the Court of Appeals in CA-G.R. CV No. 51363[1] which reversed the Decision of the Regional Trial Court, Makati, Branch 138 in Civil Case No. 17702.[2]

The following facts are uncontroverted.

In 1978, petitioner spouses Florante and Laarni Bautista purchased a house and lot in Pilar Village, Las Pinas, Metro Manila. To partially finance the purchase, they obtained from the Apex Mortgage & Loan Corporation (Apex) a loan in the amount of P100,180.00. They executed a promissory note on December 22, 1978 obligating themselves,...