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ROSAURO C. CRUZ vs. AUGUSTO E. VILLARIN, ET AL.

ROSAURO C. CRUZ, petitioner, vs. HON. AUGUSTO E. VILLARIN, in his capacity as the Presiding Judge of Regional Trial Court of Manila, Branch XL, and INVESTORS' FINANCE CORPORATION, respondents. Gonzaga, Soneja & Gale Law Office for respondents.

G.R. No. 75679 | 1990-01-12

D E C I S I O N

PADILLA, J:

The present petition arose from a compromise agreement in Civil Case No. 125249 entitled "Investors' Finance Corporation vs. Rosauro Cruz", wherein the latter admitted having an outstanding obligation in favor of the former in the amount of Seven Thousand Sixty Eight Pesos and Forty Five Centavos (P7,068.45). 1 The agreement contained a promise on the part of petitioner Cruz to settle the debt by paying Nine Hundred Nine Pesos (P909.00) every ninth (9th) day of each month until the debt is fully paid. Consequently, on 1 August 1980, the Court of First Instance (now Regional Trial Court) of Manila, Branch XL,...