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White Marketing vs. Grandwood

WHITE MARKETING DEVELOPMENT CORPORATION, PETITIONER, VS. GRANDWOOD FURNITURE & WOODWORK, INC., RESPONDENT.

G.R. No. 222407 | 2016-11-23

Republic of the Philippines
Supreme Court
Manila
 
SECOND DIVISION
 
DECISION
 
MENDOZA, J.:
 
This Petition for Review on Certiorari seeks to reverse and set aside the June 22, 2015 Decision[1] and the December 28, 2015 Resolution[2] of the Court of Appeals (CA) in CA-G.R. CV No. 103488, which reversed and set aside the July 21, 2014 Decision[3] of the Regional Trial Court, Branch 166, Pasig City (RTC), in a case involving the issue on the applicable redemption period.

On May 26, 1995, respondent Grandwood Furniture & Woodwork, Inc. (Grandwood) obtained a loan in the amount of P40,000,000.00 from...