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DBP vs. A. & A. Licuanan

DEVELOPMENT BANK OF THE PHILIPPINES, Petitioner, versus ALEJANDRO and ADELAIDA LICUANAN, Respondents.

G.R. No. 150097 | 2007-02-26

D E C I S I O N
 


CORONA, J.:

In this petition for review on certiorari,[1] petitioner Development Bank of the Philippines assails the February 9, 2001 decision[2] and September 17, 2001 resolution[3] of the Court of Appeals (CA) in CA-G.R. CV No. 37784.

Respondent spouses Alejandro and Adelaida Licuanan were granted a piggery loan in the amount of P4,700 by petitioner, evidenced by a promissory note dated September 20, 1974 and secured by a real estate mortgage[4] over a 980-square meter parcel of land with a two-storey building. The loan's maturity date was September 23, 1979.[5]

Petitioner granted respondents an additional loan of...