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Enriquez vs. The Mercantile Insurance Co. Inc.

MILAGROS P. ENRIQUEZ, PETITIONER, VS. THE MERCANTILE INSURANCE CO., INC., RESPONDENT.

G.R. No. 210950 | 2018-08-15

DECISION
 
LEONEN, J.:
 
A surety bond remains effective until the action or proceeding is finally decided, resolved, or terminated, regardless of whether the applicant fails to renew the bond. The applicant will be liable to the surety for any payment the surety makes on the bond, but only up to the amount of this bond.

This is a Petition for Review on Certiorari[1] assailing the August 13, 2013 Decision[2] and January 14, 2014 Resolution[3] of the Court of Appeals in CA-G.R. CV No. 95955, which affirmed the Regional Trial Court's finding that Milagros P. Enriquez (Enriquez) was liable for the full amount of the...