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Central Visayas Finance Corp. vs. Spouses Adlawan

CENTRAL VISAYAS FINANCE CORPORATION, PETITIONER, VS. SPOUSES ELIEZER* S. ADLAWAN AND LEILA ADLAWAN, AND SPOUSES ELIEZER* ADLAWAN, SR. AND ELENA ADLAWAN, RESPONDENTS.

G.R. No. 212674 | 2019-03-25

D E C I S I O N
 
DEL CASTILLO, J.:
 
This Petition for Review on Certiorari[1] assails the February 15, 2013 Decision[2] and April 24, 2014 Resolution[3] of the Court of Appeals (CA) which denied the appeal in CA-G.R. CEB-C.V. No. 02899 and affirmed the July 31, 2008 Order[4] of the Regional Trial Court of Cebu City, Branch 8 (RTC), in Civil Case No. CEB-24841.

Factual Antecedents

In 1996, respondents Eliezer and Leila Adlawan obtained a Php3,669,685.00 loan from petitioner Central Visayas Finance Corporation covered by a Promissory Note,[5] Chattel Mortgage[6] over a Komatsu Highway Dump Truck, and...