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Sps. Arsenio & Nieves vs C.A.and Pablo Reyes

SPOUSES ARSENIO R. REYES and NIEVES S. REYES, petitioners, vs. COURT OF APPEALS and PABLO V. REYES, respondents.

G.R. No. 147758 | 2002-06-26

D E C I S I O N

BELLOSILLO, J.:

This is a petition for review on certiorari of the Decision[1] of the Court of Appeals promulgated on 14 July 2000 in CA-G.R. CV No. 51437 and its Resolution[2] of 2 April 2001 denying reconsideration.

This petition arose from a civil case for collection of a sum of money with preliminary attachment filed by respondent Pablo V. Reyes against his first cousin petitioner Arsenio R. Reyes and spouse Nieves S. Reyes. According to private respondent, petitioner-spouses borrowed from him P600,000.00 with interest at five percent (5%) per month, which totalled P1,726,250.00 at the time of filing of the...