By Cherrie Anne E. Villahermosa
Variety News Staff

A FATHER has sued his son for breach of contract for failing to repay a $161,000 loan.
Jose C. Cabrera, through attorney Robert T. Torres, filed the complaint in Superior Court against Francisco C. Cabrera.
The complaint stated that Francisco Cabrera approached his father in April 2001 for a loan to “investigate” the purchase of a condominium in Hawaii.
Francisco Cabrera told his father that he needed $161,846.42 immediately.
He promised that if the funds were advanced to him, he would repay the entire amount within three years, the complaint stated.
He proposed to secure the loan with a real property in San Jose.
According to the complaint, Francisco Cabrera stated that if he could not repay the loan, the father could take the San Jose property.
Upon agreeing to these terms and conditions, Francisco Cabrera received the money from the plaintiff.
The complaint stated that a promissory note detailing the repayment terms was prepared for Francisco Cabrera’s execution but he did not execute the promissory note, did not provide collateral for the loan or make payments to repay amounts advanced.
Francisco Cabrera failed to repay the loan and was arrears in the total principal amount of $161,486.42 as of April 1, the complaint stated.
His father is seeking actual, compensatory, consequential and incidental damages, accrued interest and cost of collection against his son.
The father is also asking for reasonable attorney’s fees and cost of suit and for such other and further relief as the court deems just and proper.