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The spouses Manalastas took out loans from China Banking Corporation (Chinabank) secured by a mortgage on real estate. They executed several promissory notes and amendments to increase their credit line. The spouses Sinamban co-signed two of the promissory notes as co-makers. When the Manalastas defaulted, Chinabank filed a complaint against both couples. The court ruled that the spouses Sinamban were jointly and severally liable as co-makers and must share in the deficiency judgment proportionate to the no

Author

El-babymike Paquibot Panares

Language

EN