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Sps. Cesar A. Larrobis, Jr. And Virginia S. Larrobis vs Philippine Veterans Bank

SPS. CESAR A. LARROBIS, JR. and VIRGINIA S. LARROBIS, Petitioners, versus PHILIPPINE VETERANS BANK, Respondent.

G.R. No. 135706 | 2004-10-01

DECISION

AUSTRIA-MARTINEZ, J.:

Before us is a petition for review of the decision of the Regional Trial Court (RTC), Cebu City, Branch 24, dated April 17, 1998,[1] and the order denying petitioner's motion for reconsideration dated August 25, 1998, raising pure questions of law.[2] 

The following facts are uncontroverted: 

On March 3, 1980, petitioner spouses contracted a monetary loan with respondent Philippine Veterans Bank in the amount of P135,000.00, evidenced by a promissory note, due and demandable on February 27, 1981, and secured by a Real Estate Mortgage executed on their lot together with the improvements thereon. 

On...