Back

Flores vs. Spouses Enrico and Edna Lindo

ARTURO SARTE FLORES, Petitioner,vs.SPOUSES ENRICO L. LINDO, JR. and EDNA C. LINDO, Respondents.

G.R. No. 183984 | 2011-04-13

Republic of the Philippines
SUPREME COURT
Manila
 
SECOND DIVISION
 
 
 
D E C I S I O N
 
CARPIO, J.:
 
The Case
 
Before the Court is a petition for review1 assailing the 30 May 2008 Decision2 and the 4 August 2008 Resolution3 of the Court of Appeals in CA-G.R. SP No. 94003.
 
The Antecedent Facts
 
The facts, as gleaned from the Court of Appeals' Decision, are as follows:
 
On 31 October 1995, Edna Lindo (Edna) obtained a loan from Arturo Flores (petitioner) amounting to P400,000 payable on 1 December 1995 with 3% compounded monthly interest and 3% surcharge in case of late payment. To secure the loan,...