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V. Ong Lim Sing Jr. vs. FEB Leasing etc, 524 SCRA 333

VICENTE ONG LIM SING, JR., Petitioner, versus FEB LEASING & FINANCE CORPORATION, Respondent.

G.R. No. 168115 | 2007-06-08

THIRD DIVISION
 
D E C I S I O N 
 
 
NACHURA, J.: 
 
This is a petition for review on certiorari assailing the Decision[1] dated March 15, 2005 and the Resolution[2] dated May 23, 2005 of the Court of Appeals (CA) in CA-G.R. CV No. 77498. 
 
The facts are as follows: 
 
On March 9, 1995, FEB Leasing and Finance Corporation (FEB) entered into a lease[3] of equipment and motor vehicles with JVL Food Products (JVL). On the same date, Vicente Ong Lim Sing, Jr. (Lim) executed an Individual Guaranty Agreement[4] with FEB to guarantee the prompt and faithful performance of the terms and conditions of the...