D E C I S I O N
Tinga, J.:
We resolve these two consolidated cases, which though with distinct courts of origin, pertain to issues stemming from the same loan transaction.
The antecedent facts follow.
Respondent Rosemoor Mining and Development Corporation (Rosemoor), a Philippine mining corporation with offices at Quezon City, applied for and was granted by petitioner Westmont Bank[1] (Bank) a credit facility in the total amount of P80 million consisting of P50,000,000.00 as long term loan and P30,000,000.00 as revolving credit line.[2]
To secure the credit facility, a lone real estate mortgage agreement was executed by Rosemoor and Dr. Lourdes...
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