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Industrial Finance Corp. vs Sergio A.F.Apostol etal

INDUSTRIAL FINANCE CORPORATION, petitioner, vs. HON. SERGIO A. F. APOSTOL, Judge of the Court of First Instance of Rizal, Branch XVI, Quezon City, JUAN DELMENDO and HONORATA DELMENDO and JOAQUIN PADILLA and SOCORRO PADILLA, respondents.

G.R. No. L-35453 | 1989-09-15

D E C I S I O N


FERNAN, C.J.:

The present petition is a direct appeal from the summary judgment dated March 15, 1972 of the then Court of First Instance of Rizal, Branch 16 (Quezon City) in Civil Case No. Q-15942 entitled "Juan A. Delmendo and Honorata Delmendo v. Joaquin Padilla and Socorro Padilla and Industrial Finance Corporation" as well as the order of said court dated July 7, 1972 denying petitioner's motion for reconsideration of said judgment.

As gathered from the records, the facts are as follows:

In 1968, spouses Joaquin Padilla and Socorro Padilla bought on credit three units of Isuzu trucks from the Industrial Transport...