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Sps. Benedict & Maricel Dy Tecklo Vs. Rural Bank of Pamplona, Inc., represented by its President/Manager, Juan Las

SPOUSES BENEDICT and MARICEL DY TECKLO, Petitioners, versus RURAL BANK OF PAMPLONA, INC. represented by its President/Manager, JUAN LAS, Respondent.

G.R. No. 171201 | 2010-06-18

D E C I S I O N


CARPIO, J.:

The Case

This is a petition for review[1] of the 17 May 2005 Decision[2] and the 14 December 2005 Resolution[3] of the Court of Appeals in CA-G.R. CV No. 59769. In its 17 May 2005 Decision, the Court of Appeals affirmed with modification the 22 May 1998 Decision[4] of the Regional Trial Court (Branch 61) of Naga City in Civil Case No. RTC 96-3521. In its 14 December 2005 Resolution, the Court of Appeals denied petitioners' motion for reconsideration.

The Antecedent Facts

On 20 January 1994, spouses Roberto and Maria Antonette Co obtained from respondent Rural Bank of Pamplona, Inc. a P100,000.00 loan[5]...