G.R. No. 136603 - Tanedo vs. Allied Banking Corp.

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G.R. No. 136603: Tanedo vs. Allied Banking Corp.

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Title Supreme Court: Tanedo vs. Allied Banking Corp.

Case: G.R. No. 136603

Decision Date: Jan 18, 2002

A bank sued a corporation and its guarantors for unpaid promissory notes. The Supreme Court upheld the guarantors' liability, ruling that the "Continuing Guaranty" allowed loan extensions without their consent and was valid despite being a contract of adhesion.

guarantor

promissory notes

extension of time

Very Short 7 min

END