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Cuaton vs Salud and CA

MANSUETO CUATON, petitioner, vs. REBECCA SALUD and COURT OF APPEALS (Special Fourteenth Division), respondents.

G.R. No. 158382 | 2004-01-27

D E C I S I O N

YNARES-SANTIAGO, J.:

Before the Court is a petition for review on certiorari assailing the August 31, 2001 Decision[1] of the Court of Appeals in CA-G.R. CV No. 54715 insofar as it affirmed the Judgment[2] of the Regional Trial Court of General Santos City, Branch 35, in SPL. Civil Case No. 359, imposing interest at the rate of 8% to 10% per month on the one-million-peso loan of petitioner.

On January 5, 1993, respondent Rebecca Salud, joined by her husband Rolando Salud, instituted a suit for foreclosure of real estate mortgage with damages against petitioner Mansueto Cuaton and his mother, Conchita Cuaton, with the...