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Cabanting vs. BPI

VICENTE D. CABANTING AND LALAINE V. CABANTING, PETITIONERS, VS. BPI FAMILY SAVINGS BANK, INC., RESPONDENT.

G.R. No. 201927 | 2016-02-17

D E C I S I O N
 
PERALTA, J.:
 
This deals with the Petition for Review on Certiorari under Rule 45 of the Rules of Court praying that the Decision[1] of the Court of Appeals (CA), promulgated on September 28, 2011, and the Resolution[2] dated May 16, 2012, denying petitioner's motion for reconsideration thereof, be reversed and set aside.

The antecedent facts are as follows:

On January 14, 2003, petitioners bought on installment basis from Diamond Motors Corporation a 2002 Mitsubishi Adventure SS MT and for value received, petitioners also signed, executed and delivered to Diamond Motors a Promissory Note with Chattel Mortgage....