D E C I S I O N
PUNO, C.J.:
Before the Court is a petition for review on certiorari filed under Rule 45 of the Revised Rules of Court. Petitioner spouses VIRGILIO AND DIGNA ANASTACIO-CALINA (Spouses Calina) seek to reverse the decision[1] of the Court of Appeals in CA-G.R. CV No. 570655, which set aside the decision of the trial court dated October 14, 1996.
On July 16, 1975, the Spouses Calina and respondent DEVELOPMENT BANK OF THE PHILIPPINES (DBP) entered into an agricultural (deep-sea fishing) loan agreement, whereby respondent lent to petitioners the amount of P1,356,000.00.
On July 24, 1975, as security for payment of the loan,...
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