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Go Cinco vs. Court of Appeals

MANUEL GO CINCO AND ARACELI S. GO CINCO, PETITIONERS, VS. COURT OF APPEALS, ESTER SERVACIO AND MAASIN TRADERS LENDING CORPORATION, RESPONDENTS.

G.R. No. 151903 | 2009-10-09

SECOND DIVISION
 
D E C I S I O N
 
BRION, J.:
 
Before the Court is a petition for review on certiorari[1] filed by petitioners, spouses Manuel and Araceli Go Cinco (collectively, the spouses Go Cinco), assailing the decision[2] dated June 22, 2001 of the Court of Appeals (CA) in CA-G.R. CV No. 47578, as well as the resolution[3] dated January 25, 2002 denying the spouses Go Cinco's motion for reconsideration.
 
THE FACTUAL ANTECEDENTS

In December 1987, petitioner Manuel Cinco (Manuel) obtained a commercial loan in the amount of P700,000.00 from respondent Maasin Traders Lending Corporation (MTLC)....