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Leticia Co vs. Philippine National Bank

LETICIA CO, assisted by her husband MUI YUK KONG, in substitution of CITADEL INSURANCE & SURETY CO., INC., plaintiff-appellee, vs. PHILIPPINE NATIONAL BANK, defendant-appellant.

G.R. No. L-51767 | 1982-06-29

D E C I S I O N


BARREDO, J.:

Direct appeal to this Supreme Court pursuant to Republic Act 5440 from the decision of the Court of First Instance of Rizal, Branch XXI in its Civil Case No. 23101 entitled "Citadel Insurance & Surety Co., Inc. vs. Philippine National Bank ", the dispositive portion of which reads:

"WHEREFORE, this Court finds that plaintiff has validly exercised the right of redemption herein-before discussed and orders the defendant to:

(a) Accept the amount consigned and deposited pursuant to the Order of this Court on March 11, 1976;

(b) Execute and specifically comply to the effects of the exercise of the right of...