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Go vs. East Oceanic Leasing and Finance Corp.

ARMANDO GO, Petitioner, vs. EAST OCEANIC LEASING and FINANCE CORPORATION, Respondent. Present: SERENO, C.J., Chairperson, LEONARDO-DE CASTRO, DEL CASTILLO, JARDELEZA, and TIJAM,JJ.

G.R. No. 206841-42 | 2018-01-19

Republic of the Philippines
Supreme Court
Manila
 
FIRST DIVISION 
DECISION
 
DEL CASTILLO, J.:
 
We resolve the Petition for Review on Certiorari under Rule 45 of the Rules of Court, assailing the July 16, 2012 Decision1 and the April 8, 2013 Order2 of the Regional Trial Court (RTC), Branch 23, Cebu City in Civil Case Nos. CEB-18366 and CEB-21918. 
 
The Antecedent Facts
 
On March 22, 1995, petitioner Armando Go (Go) obtained a loan from respondent East Oceanic Leasing and Finance Corporation (East Oceanic) in the amount of P4,062,888.00,3 payable in monthly installments of P169,287.00 until fully paid, as...