Facts: SM extended credit accommodations in favor of Spouses Hanopol in the amount of P300,000.00.

In consideration thereof, the spouses mortgaged real properties in favor of SM. For failure to pay, SM executed extrajudicial foreclosure proceedings against the mortgaged properties. To enjoin SM from proceeding with the scheduled foreclosure sale, the spouses instituted a civil case for breach of contract alleging that SM breached the contract when it failed to furnish them the required documents by which their liability shall be determined, namely: charge invoices, purchase booklets and purchase journal, as provided in their contract; that without these documents, they had no way of knowing that, they had already paid, even overpaid.