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DBP vs. Ruben S. Go, et al

DEVELOPMENT BANK OF THE PHILIPPINES, Petitioner, versus RUBEN S. GO and ANGELITA M. GO, and the HONORABLE COURT OF APPEALS, Respondents.

G.R. No. 168779 | 2007-09-14

DECISION
 

NACHURA, J.:

For this Court's consideration is a Petition for Review on Certiorari filed by the Development Bank of the Philippines (DBP) partially assailing the September 23, 2004 Decision[1] and June 20, 2005 Resolution of the Court of Appeals (CA) in CA-G.R. CV No. 63959.

The facts of the case, as found by the CA, are as follows:

On August 4, 1982, [private respondents] entered into a contract of loan with [petitioner] DBP for a sum of P494,000.00.

The contract was evidenced by two (2) promissory notes, one for P194,000.00, payable quarterly for five (5) years, and the other for P300,000.00, payable quarterly for seven (7)...