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Eugene L. Lim Vs. BPI Agriculture Development Bank

EUGENE L. LIM, Petitioner, versus BPI AGRICULTURAL DEVELOPMENT BANK, Respondent.

G.R. No. 179230 | 2010-03-09

D E C I S I O N


CARPIO MORALES, J.:

The BPI Agricultural Development Bank (respondent) granted Eugene L. Lim (petitioner) and his wife Constancia a revolving credit line in the amount of P7,000,000 on account of which they executed two promissory notes: Promissory Note No. 1000045-08 dated January 9, 1998 for P2,000,000 which matured on July 8, 1998,[1] and Promissory Note No. 1000045-09 dated April 8, 1998 for P5,000,000 which matured on October 5, 1998.[2]

Respondent also granted petitioner medium term loans on account of which he and his wife executed Promissory Note No. 6000201-00 dated September 4, 1997 for P3,294,117.63 which...