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Sps Godofredo V. Arquiza, et al. vs CA, et al.

SPOUSES GODOFREDO V. ARQUIZA and REMEDIOS D. ARQUIZA, Petitioners, versus COURT OF APPEALS and EQUITABLE PCIBANK, Respondents.

G.R. No. 160479 | 2005-06-08

D E C I S I O N 


CALLEJO, SR., J. 

Before us is a petition for review on certiorari of the Decision[1] of the Court of Appeals (CA) in CA-G.R. CV No. 74592 and its Resolution denying the motion for reconsideration of the said decision. The assailed decision affirmed the decision of the Regional Trial Court (RTC) of Quezon City, Branch 221, granting the ex parte petition for the issuance of a writ of possession in LRC Case No. Q-14150(01). 

The petitioners, spouses Godofredo V. Arquiza and Remedios D. Arquiza, obtained a loan from private respondent Equitable PCIBank for P2.5 million. To secure the payment thereof, the...