G.R. No. 173333. August 13, 2008.
Main Topic – Rule 57.
FACTS
Ong instituted a Complaint for the collection of the sum of money with prayer for issuance of a writ of preliminary attachment against Spouses Magaling and Termo Loans Corporation for its failure to pay its signed promissory note. The RTC granted the issuance of a writ of preliminary attachment grounded on the allegation that Spouses Magaling and Termo Loans “were guilty of fraud in contracting the obligation subject of the complaint for sum of money”. The RTC also issued an Order directing the issuance of the writ prayed for upon the filing of a bond in the amount of P390,000.00.