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Asian Cathay Finance and Leasing Corporation vs. Spouses De Vera and Spouses Dumigpi

ASIAN CATHAY FINANCE AND LEASING CORPORATION, Petitioner, versus SPOUSES CESARIO GRAVADOR and NORMA DE VERA and SPOUSES EMMA CONCEPCION G. DUMIGPI and FEDERICO L. DUMIGPI, Respondents.

G.R. No. 186550 | 2010-07-05

DECISION

NACHURA, J.:

On appeal is the June 10, 2008 Decision[1] of the Court of Appeals (CA) in CA-G.R. CV No. 83197, setting aside the April 5, 2004 decision[2] of the Regional Trial Court (RTC), Branch 9, Bulacan, as well as its subsequent Resolution[3] dated February 11, 2009, denying petitioner's motion for reconsideration.

On October 22, 1999, petitioner Asian Cathay Finance and Leasing Corporation (ACFLC) extended a loan of Eight Hundred Thousand Pesos (P800,000.00)[4] to respondent Cesario Gravador, with respondents Norma de Vera and Emma Concepcion Dumigpi as co-makers. The loan was payable in sixty (60) monthly installments of...