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Phil Natl Bank vs CA & Consuelo Yu

PHILIPPINE NATIONAL BANK, petitioner, vs. COURT OF APPEALS and CONSUELO YU, respondents.

G.R. No. 81524 | 2000-02-04

R E S O L U T I O N

KAPUNAN, J.:

For consideration of this Court is a petition for review of the Decision, dated January 14, 1988, of the Court of Appeals which affirmed in toto the Decision, dated November 17, 1983, of the Regional Trial Court of Ilocos Norte, Branch 19, in Civil Case No. 192-XIX.

The antecedent facts are undisputed: On February 20, 1974, Manuel de los Santos applied for, and was granted a loan in the amount of Three Thousand Pesos (P3,000.00) by herein petitioner Philippine National Bank (PNB, for brevity), thru its Laoag Branch. To secure said loan, Mr. de los Santos mortgaged a parcel of agricultural land consisting...