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Sps. Jeffrey & Josephine Khonghun vs. UCPB

SPOUSES JEFFREY and JOSEPHINE KHONGHUN, Petitioners, versus UNITED COCONUT PLANTERS BANK,* Respondent.

G.R. No. 154334 | 2006-07-31

SECOND DIVISION

D E C I S I O N 

CORONA, J.: 

This is an appeal by certiorari under Rule 45 of the 1997 Rules of Civil Procedure (Rules) which seeks to set aside the decision[1] of the Court of Appeals (CA) in CA-G.R. No. 65358[2] and its resolution[3] dismissing the petition for certiorari and prohibition filed by petitioners herein. 

In October 1984, petitioner spouses Jeffrey and Josephine Khonghun obtained certain loans from respondent United Coconut Planters Bank (UCPB) ranging from P200,000 to P1,000,000.[4] They executed promissory notes which they, however, eventually failed to pay, prompting UCPB to file a case for a...