V.

THE PROMISSORY NOTES DATED MAY 31, 1980 IN THE SUM

OF P128,000.00 AND DECEMBER 13, 1980 IN THE AMOUNT
OF P123,000.00 CATEGORICALLY ESTABLISHED THE FACT THAT
THE RESPONDENTS BOUND THEMSELVES JOINTLY AND
SEVERALLY LIABLE WITH THE LATE DEBTOR EFRAIM SANTIBAEZ
IN FAVOR OF PETITIONER UNION BANK.19