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Mercene vs. GSIS

FLORO MERCENE, Petitioner, vs. GOVERNMENT SERVICE INSURANCE SYSTEM, Respondent. Present: VELASCO, JR., J., Chairperson, BERSAMIN, LEONEN, MARTIRES, and GESMUNDO, JJ.

G.R. No. 192971 | 2018-01-10

Republic of the Philippines
Supreme Court
Manila
 
THIRD DIVISION
 
DECISION
 
MARTIRES, J.:
 
This petition for review on certiorari seeks to reverse and set aside the 29 April 2010 Decision1 and 20 July 2010 Resolution2 of the Court of Appeals (CA) in CA-G.R. CV No. 86615 which reversed the 15 September 2005 Decision3 of the Regional Trial Court, Branch 220, Quezon City (RTC).
 
THE FACTS
 
On 19 January 1965, petitioner Floro Mercene (Mercene) obtained a loan from respondent Government Service Insurance System (GSIS) in the amount of P29,500.00. As security, a real estate mortgage was executed over Mercene's...