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Filinvest Credit Corp. Vs. Ivan Mendez

FILINVEST CREDIT CORPORATION, petitioner, vs. IVAN MENDEZ, respondent.

G.R. No. L-66419 | 1987-07-31

D E C I S I O N


GUTIERREZ, JR., J.:

This is a petition to review on certiorari the decision of the Intermediate Appellate Court, now Court of Appeals, rendered in AC-G.R. CV No. 63673 affirming in toto the decision of the Court of First Instance of Davao, Branch 6, 16th Judicial District.

The factual background of this case, as summarized in the trial court's decision and adopted by the appellate court, is as follows:

"On August 6, 1974, Ivan Mendez purchased a Ford Cortina from the Davao Motor Sales Company and to secure balance of P49,428.40 plaintiff executed and delivered a promissory note and chattel mortgage in favor of Davao...