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FEATI Bank & Trust Company vs. Court of Appeals, et al.

FEATI BANK & TRUST COMPANY, petitioner, vs. COURT OF APPEALS AND QUALITY TOBACCO CORPORATION, respondents.

G.R. No. L-47011 | 1981-09-30

D E C I S I O N


ABAD SANTOS, J.:

On June 13, 1973, the Court of First Instance of Manila, Branch XVI, rendered a decision in Civil Case No. 84509, brought by Quality Tobacco Corporation (formerly U.S. Tobacco Corporation) against Feati Bank and Trust Co., with the following dispositive portion:

"IN VIEW OF THE FOREGOING, the Court renders judgment as follows:

1) Plaintiff's claim for the amount of P80,312.29 is hereby denied;

2) Defendant is entitled to the return of $110,000.00 and plaintiff is ordered to return the same to defendant upon reimbursement of the amount of P471,600.00 paid by plaintiff to the defendant. No cost or...