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Arthur F. Menchavez vs. Marlyn M. Bermudez, 684 SCRA 168

ARTHUR F. MENCHAVEZ, Petitioner, versus MARLYN M. BERMUDEZ, Respondent.

G.R. No. 185368 | 2012-10-11

THIRD DIVISION
 
DECISION
 
VELASCO, JR.,J.:
 
This is a Petition for Review on Certiorari under Rule 45, questioning the Decision of the Court of Appeals (CA) dated May 30, 2008 denying petitioner's Motion for Reconsideration of the Decision.
 
The facts of the case are as follows;
 
Petitioner Arthur F. Menchavez and respondent Marlyn M. Bermudez entered on November 17, 1993 into a loan agreement, covering the amount of PhP 500,000 with interest fixed at 5% per month. Respondent executed a promissory note, which reads as follows:
 
17 November 1993 
P500000. - 
 
For value received I promise to pay...