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Naawan Community Rural Bank vs Merced Martinez

NAAWAN COMMUNITY RURAL BANK, represented by counsel, ATTY. IKE L. ROA, complainant, vs. MERCED R. MARTINEZ, Stenographer III, Regional Trial Court, Branch 18, Cagayan de Oro City, respondent.

A.M. No. P-02-1587 | 2002-06-05

D E C I S I O N

MENDOZA, J.:

This is a complaint, dated May 20, 1999, filed by Naawan Community Rural Bank against Merced R. Martinez, Stenographer III, Regional Trial Court, Branch 18, Cagayan de Oro City, for willful failure to pay her just debt.

It appears that respondent signed a promissory note[1] as co-maker of her fellow employee Samuel J. Suarez to pay for a loan of P5,000.00 granted to the latter. Respondent, together with another co-maker Ligaya Quijada, bound herself jointly and severally with Samuel J. Suarez to pay complainant P5,000.00, with interest at the rate of 24% per annum.

The promissory note fell due on January...