Can I read Gonzales v. PCIB: Loan Liability Case on EtoBox?

Gonzales v. PCIB: Loan Liability Case by mishiru is a document available to read on EtoBox.

What is Gonzales v. PCIB: Loan Liability Case about?

Gonzales was an accommodation party for loans taken out by the Panlilio spouses from PCIB totaling PHP 1.8 million. As an accommodation party, Gonzales is solidarily liable for the loans along with the Panlilios based on the terms of the promissory notes signed, which specified solidary liability. While the loan proceeds went to the Panlilios, Gonzales is still liable as an accommodation party under the law. The court ruled that Gonzales is liable for the three promissory notes covering the loans.

Author

mishiru

Language

EN