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China Banking Corporation vs. Court of Appeals, et al

CHINA BANKING CORPORATION, petitioner, vs. THE HONORABLE COURT OF APPEALS and VICTORIANO ESCOLAR, respondents.

G.R. No. L-39652 | 1976-04-26

D E C I S I O N

MAKASIAR, J:

WE considered as a special civil action for certiorari this petition which seeks a reversal of the decision of the respondent Court of Appeals.

On May 25, 1966, herein petitioner commenced with the Court of First Instance of Manila a collection case against private respondent Victoriano Escolar entitled "China Banking Corporation versus Victoriano Escolar, doing business under the name and style 'Victor Electrical Manufacturer', Sy Hap Seng Company and Tomas Cua" (Civil Case No. 65600) for the recovery of the amount of $82,941.23 representing the face value of an exchange sight draft issued by petitioner to...