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Magna Financial Services Group, Inc. vs. Elias Colarina.

MAGNA FINANCIAL SERVICES GROUP, INC., Petitioner, versus ELIAS COLARINA, Respondent.

G.R. No. 158635 | 2005-12-09

D E C I S I O N 


CHICO-NAZARIO, J.: 

The undisputed facts of this case show that on 11 June 1997, Elias Colarina bought on installment from Magna Financial Services Group, Inc., one (1) unit of Suzuki Multicab, more particularly described as follows: 

MAKE             - SUZUKI MULTICAB 
MODEL           - ER HT 
ENGINE NO.    - 834963 
FRAME NO.     - LTO -067886-RO7-C 
COLOR           - WHITE[1] 

After making a down payment, Colarina executed a promissory note for the balance of P229,284.00 payable in...