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Koji Yasuma vs. Heirs of Cecilio S. De Villa, et al.

KOJI YASUMA, Petitioner, versus HEIRS OF CECILIO S. DE VILLA and EAST CORDILLERA MINING CORPORATION, Respondents.

G.R. No. 150350 | 2006-08-22

SECOND DIVISION

D E C I S I O N 

CORONA, J.: 

This is a petition for review on certiorari[1] of a decision[2] of the Court of Appeals (CA) dated October 18, 2001 in CA-G.R. CV No. 61755. 

The antecedent facts follow. 

On September 15, 1988, October 21, 1988 and December 5, 1988, Cecilio S. de Villa obtained loans from petitioner Koji Yasuma in the amounts of P1,100,000, P100,000 and P100,000, respectively, for the total amount of P1.3 million. These loans were evidenced by three promissory notes signed by de Villa as borrower. The last promissory note in the amount of P1,300,000 cancelled the first two notes. 

The loans...