About this document
Heirs of Franco v. Gonzales: Loan Dispute by bantucin davoo is a document available to read on EtoBox.
1) Servando Franco and Leticia Medel took out multiple loans from Veronica Gonzales between 1985-1986 totaling P440,000, consolidating all previous loans into a promissory note for P500,000 on July 23, 1986. 2) When the borrowers failed to repay the loans, Veronica filed a collection case with the court. Servando argued that a 1992 receipt created a novation, fixing the debt at P775,000. 3) The court ruled there was no novation because the receipt did not replace or extinguish the original promissory not
- Author
- bantucin davoo
- Language
- EN