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Teresita E. Villaluz vs. Rolando R. Ligon.

TERESITA E. VILLALUz, petitioner, vs. ROLANDO R. LIGON, respondent.

G.R. No. 143721 | 2005-08-31

SECOND DIVISION

D E C I S I O N 

AUSTRIA-MARTINEZ, J.: 

Before us is a petition for review seeking the reversal of the Decision[1] of the Court of Appeals (CA) promulgated on October 1, 1999 and the Resolution[2] dated June 6, 2000 which denied petitioner's motion for reconsideration. 

The facts are as follows: 

Petitioner Teresita E. Villaluz (Villaluz) and respondent Rolando R. Ligon (Ligon) were engaged in several businesses. Sometime in 1987, Villaluz borrowed sums of money from Ligon secured by postdated checks amounting to P1,543,586.00 which later bounced for the reasons "Drawn Against Insufficient Funds/Account...