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Reyes vs. Bancom Development Corp.

RAMON E. REYES and CLARA R. PASTOR Petitioners, vs. BANCOM DEVELOPMENT CORP. Respondent. Present: SERENO, CJ, Chairperson, LEONARDO-DE CASTRO, DEL CASTILLO, JARDELEZA, and GESMUNDO, * JJ.

G.R. No. 190286 | 2018-01-11

Republic of the Philippines
Supreme Court
Manila
 
FIRST DIVISION
 
DECISION
 
SERENO, CJ:
 
Before this Court is a Petition for Review on Certiorari 1 filed by Ramon E. Reyes and Clara R. Pastor seeking to reverse the Decision2 and the Resolution3 of the Court of Appeals (CA) in CA-G.R. CV No. 45959. The CA affirmed the ruling of the Regional Trial Court (RTC) holding petitioners jointly and severally liable to respondent Bancom Development Corporation (Bancom) as guarantors of certain loans obtained by Marbella Realty, Inc. (Marbella). 
 
FACTS
 
The dispute in this case originated from a Continuing Guaranty4...