G.R. No. 124049 - Velasquez vs. Court of Appeals

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G.R. No. 124049: Velasquez vs. Court of Appeals

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Title Supreme Court: Velasquez vs. Court of Appeals

Case: G.R. No. 124049

Decision Date: Jun 30, 1999

Velasquez, a PUFFI officer, was held personally liable under a suretyship for a defaulted loan. The Supreme Court affirmed summary judgment, citing negligence, lack of novation, and waived defenses.

summary judgment

personal liability

loan agreement

Short 11 min

0.6x of typical case length

END