About this document

Baylon vs. Tomacruz: Loan Dispute Ruling by Mj Garcia is a document available to read on EtoBox.

This document is a Supreme Court decision regarding a loan dispute between Leonila Tomacruz and Pacionaria Baylon. The court summarizes that Tomacruz loaned 150,000 pesos to Rosita Luanzon, with Baylon signing as guarantor. When Luanzon defaulted on payments, Tomacruz sued Baylon as guarantor. The court affirms the lower court ruling, finding the transaction was a loan based on the promissory note terms, not an investment as Baylon claimed. The court also finds that as guarantor, Baylon is liable as Tomacru

Author

Mj Garcia

Language

EN