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Kaunlaran Lending Investors Inc. Vs. Uy

KAUNLARAN LENDING INVESTORS, INC. AND LELIA CHUA SY, Petitioners, versus LORETA UY, Respondent.

G.R. No. 154974 | 2008-02-04

D E C I S I O N


CARPIO MORALES, J.:

From the Court of Appeals' decision reversing that of the trial court which dismissed respondent's complaint, petitioners come to this Court.

Respondent Loreta Uy (Loreta) filed on September 12, 1988 before the Regional Trial Court (RTC) of Dagupan City a complaint,[1] docketed as Civil Case No. D-9136, for annulment of real estate mortgage and related documents plus damages against petitioners Kaunlaran Lending Investors, Inc. (KLII) and Lelia Chua Sy (Lelia), along with Wilfredo Chua (Wilfredo) and Magno Zareno (Magno).

In Loreta's complaint, she alleged as follows:

Sometime in 1987, her son Jose...