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What is Court Ruling on Loan Liability Case about?

This case concerns a petitioner who signed a promissory note for 50,000 pesos along with two others but claims he was tricked and only intended to be liable for 5,000 pesos. The lower court and Court of Appeals ruled against the petitioner. The Supreme Court also denies the petition, finding that the factual claims should have been raised earlier and that parol evidence does not override the written promissory note under the parol evidence rule as the rule applies regardless of whether the written agreement

Author

Thea Jane Merin

Language

EN