Dhoben M. Concepcion v. Ronny E. Budiman

Summary

This case involves a loan dispute between Dhoben M. Concepcion and Ronny E. Budiman over P3,205,000.00. The Court of Appeals found the transaction to be a loan and ordered repayment. The Supreme Court denied Concepcion's petition and affirmed the CA's decision, rejecting her argument that the loan was unenforceable under the Statute of Frauds (Article 1358, Civil Code) because this issue was raised for the first time on appeal, which is not permitted. The SC modified the award to P3,175,000.00 (total loan less P30,000.00 payment made) with 6% interest per annum. The case demonstrates the principle that new issues cannot be raised for the first time on appeal and establishes the enforceability of the loan agreement between the parties.