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Roberto Genova vs Levita De Castro

ROBERTO U. GENOVA, petitioner, vs. LEVITA DE CASTRO, respondent.

G.R. No. 132076 | 2003-07-22

D E C I S I O N

YNARES-SANTIAGO, J.:

These are consolidated petitions for review of the decisions of Court of Appeals in CA-G.R. SP Nos. 41521 and 48422.[1]

Petitioner was the owner of a parcel of land located in Sta. Ana, Manila, containing an area of 399.6 square meters and registered in his name under Transfer Certificate of Title No. 172539 of the Register of Deeds of Manila. Sometime in 1989, petitioner ventured into the business of movie production. In order to finance his film project, he obtained a loan from respondent Levita de Castro for P1,000,000.00 with interest thereon at the rate of 5% per annum. By way of security for the...