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Land Bank of the Phil. Vs CA, et al.

LAND BANK OF THE PHILIPPINES, petitioner, vs. COURT OF APPEALS, SPS. RAFAEL SUAREZ and AFRICA G. SUAREZ, respondents. Manuel P. Tiaoqui, Florencio S. Jimenez and Rosemarie M. Osoteo for petitioner. Feliciano G. Dizon for private respondents.

G.R. No. 76902 | 1990-01-30

D E C I S I O N

FELICIANO, J:

Petitioner Land Bank of the Philippines ("Land Bank") assails the Decision dated 29 October 1986 of the Court of Appeals 1 which affirmed a decision of the then Court of First Instance ("CFI") of Manila ordering the Land Bank to pay the interest due on three (3) Land Bank Interim Bond Certificates 2 in the amount of P11,877.24 to private respondent spouses Rafael Suarez and Africa G. Suarez and the Court of Appeals' Resolution dated 17 December 1986 3 denying the Land Bank's Motion for Reconsideration.

Private respondents were former owners of agricultural lands. Their lands were subjected to Operation Land...