GR 158262 Spouses Violago vs BA Finance

G.R. No. 158262, July 21, 2008 SPS. PEDRO AND FLORENCIA VIOLAGO, PETITIONERS, VS. BA FINANCE CORPORATION AND AVELINO VIOLAGO, RESPONDENTS. VELASCO JR., J. FACTS: So!"#! #$ 1%8&, 1%8 &, A'!l#$o A'!l#$o V#ol()o, P*!+#!$" o- V#ol()o o"o* S(l!+ Co*/o*("#o$ VSC, o--!*! "o +!ll ( (* "o "3! /!"#o$!*+. A'!l#$o A'!l#$o !4/l(#$! "3(" 3! $!!! "o +!ll ( '!3#l! "o #$*!(+! "3! +(l!+ uo"( o- VSC, ($ "3(" "3! +/ou+!+ oul 7u+" 3('! "o /(y ( o$ /(y!$" o- P3P 60,500 3#l! "3! (l($! oul ! -#$($! y  y *!+/o$!$" BA F#$($!. T3! +/ou+!+ oul /(y "3! o$"3ly #$+"(ll!$"+ "o BA F#$($!. 9$!* "3!+! "!*+, "3! +/ou+!+ "3!$ ()*!! "o /u*3(+! ( Toyo"( Toyo"( C*!++#( o!l 1%8& 1%8 & -*o VSC. O$ Au)u+" , 1%8&, "3! +/ou+!+ ($ A'!l#$o A'!l#$o +#)$! ( /*o#++o*y $o"! u$!* 3#3 "3!y ou$ o u$ "3!+!l'!+ "o /(y 7o#$"ly ($ +!'!*(lly "o "3! o*!* o-  VSC "3! (ou$" o- P3P 20%,601 #$ &6 o$"3ly #$+"(ll!$"+ o- P3P 5,822.25 ( o$"3, "3! -#*+" #$+"(ll!$" "o ! u! ($ /(y(l! /( y(l! o$ S!/"!!* 16, 1%8&. 1%8& . VSC "3!$ #++u! ( +(l!+ #$'o#! #$ -('o* o- "3! +/ou+!+ #"3 ( !"(#l! !+*#/"#o$ o- "3! Toyo"( C*!++#( (*. I$ "u*$, "3! +/ou+!+ !4!u"! ( 3(""!l o*")()! o'!* "3! (* #$ -('o* o- VSC (+ +!u*#"y -o* "3! (ou$" o- P3P 20%,601. VSC, "3*ou)3 A'!l#$o, A'!l#$o, !$o*+! "3! /*o#++o*y $o"! "o BA F#$($! #"3ou" *!ou*+!. A-"!* *!!#'#$) "3! (ou$" o- P3P P 3P 20%,601, VSC !4!u"! ( D!! o- A++#)$!$" o#"+ *#)3"+ ($ #$"!*!+"+ u$!* "3! /*o#++o*y $o"! ($ 3(""!l o*")()! #$ -('o* o- BA F#$($!. !($3#l!, "3! +/ou+!+ *!#""! "3! (ou$" o- P3P P 3P 60,500 "o VSC "3*ou)3 A'!l#$o. A'!l#$o. T3! +(l!+ #$'o#! (+ -#l! #"3 "3! L($ T*($+/o*"("#o$ O--#! LT LTO;B(l#() B*($3, 3#3 #++u! C!*"#-#("! o- R!)#+"*("#o$ No. 01&<0&2 #$ "3! $(! o- P!*o o$ Au)u+" 8, 1%8&. T3! +/ou+!+ !*! u$((*! "3(" "3! +(! (* 3( (l*!(y !!$ +ol #$ 1%82 "o E+!*(lo V#ol()o, V#ol()o, ($o"3!* ou+#$ o- A'!l#$o, A'!l#$o, ($ *!)#+"!*! #$ E+!*(lo=+ $(! y  y "3! LTO;S($ LTO;S($ R(-(!l B*($3. D!+/#"! "3! +/ou+!+= !($ -o* "3! (* ($ A'!l#$o=+ *!/!("! (++u*($!+, "3!*! (+ $o !l#'!*y o- "3! '!3#l!. S#$! VSC -(#l! "o !l#'!* "3! (*, P!*o # $o" /(y ($y o$"3ly (o*"#>("#o$ "o BA F#$($!. O$ (*3 1, 1%8, BA F#$($! -#l! #"3 "3! RTC ( o/l(#$" -o* R!/l!'#$ #"3 D(()!+ ()(#$+" "3! +/ou+!+. T3! RTC *!$!*! ( !#+#o$ #$ -('o* o- BA F#$($!. P!"#"#o$!*+; +/ou+!+ ($ A'!l#$o A'!l#$o (//!(l! "o "3! CA. T3! (//!ll("! ou*" *ul! "3(" "3! /*o#++o*y $o"! (+ ( $!)o"#(l! #$+"*u!$" ($ "3(" BA F#$($! (+ ( 3ol!* #$ u! ou*+!, (//ly#$) S!+. 8, 2, ($ 52 o- "3! NIL. ISS9E: ?3!"3!* o* $o" "3! 3ol!* o- ($ #$'(l# $!)o"#(l! /*o#++o*y $o"! (y ! o$+#!*! ( 3ol!* #$ u! ou*+! @ELD: T3! /*o#++o*y $o"! #+ l!(*ly $!)o"#(l!. T3! /*o#++o*y $o"! l!(*ly +("#+-#!+ "3! *!u#*!!$"+ o- ( $!)o"#(l! #$+"*u!$" u$!* "3! NIL. I" #+ #$ *#"#$) +#)$! y "3! V#ol()o +/ou+!+ 3(+ ($ u$o$#"#o$(l /*o#+! "o /(y ( !*"(#$ (ou$", ( ou$", #.!., P3P 20%,601, o$ +/!#-# ("!+ #$ "3! -u"u*! 3#3 oul ! !"!*#$! -*o "3! "!*+ o- "3! $o"! (! /(y(l! "o "3! o*!* o- VSC ($ $(!+ "3! *(!!+ #"3 !*"(#$"y. T3! T3! #$o*+!!$" y VSC "o BA F#$($! (//!(*+ l#!#+! "o  ! '(l# ($ *!)ul(*. T3! T3! l( /*!+u!+ "3(" ( 3ol!* o- ( $!)o"#(l! #$+"*u!$" #+ ( 3ol!* "3!*!o- #$ u! ou*+!. I$ "3#+ (+!, "3! CA #+ o**!" #$ -#$#$) "3(" BA F#$($! !!"+ (ll "3!

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