Tag: GR159746
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Mendiola v. Court of Appeals (G.R. No. 159746, July 18, 2012) (CASE DIGEST)
Facts Spouses Ramon and Araceli Mendiola (Petitioners) executed a real estate mortgage in favor of Pilipinas Shell Petroleum Corporation (Shell) to secure the performance of obligations under a distribution agreement. After default, Shell commenced extrajudicial foreclosure, and the property was sold to Tabangao Realty, Inc. (Tabangao). Issues Ruling The Supreme Court ruled: “WHEREFORE, we DISMISS…