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Juan Olivares, et al. Vs. Esperanza De La Cruz Sarmiento

JUAN OLIVARES and DOLORES ROBLES, Petitioners, versus ESPERANZA DE LA CRUZ SARMIENTO, Respondent.

G.R. No. 158384 | 2008-06-12

D E C I S I O N


CARPIO, J.:

The Case

This is a petition for review[1] of the Decision[2] dated 30 October 2002 and the Resolution dated 8 May 2003 of the Court of Appeals in CA-G.R. CV No. 48949. The Court of Appeals reversed the Decision dated 1 March 1993 of the Regional Trial Court of Iloilo, Branch 36.

The Facts

Respondent Esperanza de la Cruz Sarmiento (respondent) was the owner of a 230-square meter parcel of residential land located at Barangay San Antonio, Oton, Iloilo, covered by TCT No. T-86397. On 18 August 1976, respondent and her husband Manuel Sarmiento (Manuel) obtained a P12,000 loan from the Development Bank of the...