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Manuel S. Laurel, et al. vs. Emeterio Cui, et al.

MANUEL S. LAUREL and LILIA H. LAUREL, petitioners, vs. HON. EMETERIO CUI and BA FINANCE CORPORATION, respondents.

G.R. No. 50087 | 1980-06-30

D E C I S I O N


ABAD SANTOS, J.:

We have to grant this petition for certiorari in order to prevent a manifest injustice from being inflicted upon the petitioners.

It all started when the spouses, Manuel and Lilia Laurel, bought a Toyota Tamaraw from Delta Motor Sales Corporation. As part of the transaction the Laurels executed a chattel mortgage over the vehicle and signed a promissory note on August 2, 1977, in favor of the seller for P17,881.56 which it in turn assigned to the respondent BA Finance Corporation.

The Laurels allegedly defaulted in the payment of their monthly installments so that BA Finance Corporation filed Civil...