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This case involved a dispute over promissory notes and real estate mortgages between Siain Enterprises Inc. and Cupertino Realty Corp. Siain obtained a loan from Cupertino covered by a promissory note. Siain argued the real estate mortgage securing additional funds was invalid. The court ruled the real estate mortgage was given for sufficient consideration based on presumptions under the Rules of Court that an instrument has consideration unless rebutted by evidence. As Siain did not present sufficient evid

Author

Dem Roger San Pedro

Language

EN