Back

Ibaan Rural Bank vs CA and Mr & Mrs Ramon Tarnate

IBAAN RURAL BANK INC., petitioner, vs. THE COURT OF APPEALS and MR. and MRS. RAMON TARNATE, respondents.

G.R. No. 123817 | 1999-12-17

D E C I S I O N

QUISUMBING, J.:

This petition for review under Rule 45 of the Rules of Court seeks to set aside the decision of the Court of Appeals in CA-G.R. CV No. 32984 affirming with modification the decision of the Regional Trial Court of Batangas, Branch 2, in Civil Case No. 534, as well as the resolution of the Court of Appeals denying petitioner's motion for reconsideration.

The facts are as follows:

Spouses Cesar and Leonila Reyes were the owners of three (3) lots covered by Transfer Certificate of Title (TCT) Nos. 33206, 33207 and 33208 of the Register of Deeds of Lipa City. On March 21, 1976, the spouses mortgaged these...