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VS.
LAWRENCE QUA
The Agreements all state that in Qua pledged 1,892,360 common Ladtek defaulted on its loan
case of default in the payment of shares of stock of General Milling obligations to Metrobank
Ladtek’s loans, the parties would Corporation ("GMC") in favor of and PDCP. Hence, Metrobank
reimburse each other the RGC and Gervel. The pledged filed a collection case against
proportionate share of any sum shares of stock served as security Ladtek, RGC, Gervel and
that any might pay to the creditors. for the payment of any sum which Qua.
RGC and Gervel may be held liable
under the Agreements.
FACTS:
During the pendency of Collection RGC and Gervel’s counsel, Atty. Subsequently, RGC and
Case No. 8364, RGC and Gervel Pastelero, demanded that Qua Gervel furnished Qua with
paid Metrobank P7 million. The pay P3,860,646 as notices of foreclosure of
Qua’s pledged shares.
collection case was dismissed. reimbursement of the total
amount RGC and Gervel paid to
Metrobank and PDCP. Qua
refused to reimburse the
amount to RGC and Gervel.
FACTS:
COLLECTION CASE 8364 FORECLOSURE CASE 88-2643
QUA’S MOTION TO DISMISS: RGC and Gervel offered Qua’s Motion
to Dismiss in Collection Case 8364 as
“The foregoing facts show that the basis for the foreclosure of Qua’s
payment of Republic Glass Corporation pledged shares.
and Gervel, Inc. was for the entire
obligation”
WHETHER RULE 129,
SECTION 4 APPLIES TO
THE CASE AT BAR.
ISSUE
Sec. 4. Judicial admissions. – An admission, verbal or written, made by a party in
the course of the proceedings in the same case, does not require proof. The
admission may be contradicted only by showing that it was made through palpable
mistake or that no such admission was made.