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Feati Bank & Trust Co. vs. Court Of Appeals, et al. 196 SCRA 576

FEATI BANK & TRUST COMPANY (now CITYTRUST BANKING CORPORATION), petitioner, vs. THE COURT OF APPEALS, and BERNARDO E. VILLALUZ, respondents. Palaez, Adriano & Gregorio for petitioner. Ezequiel S. Consulta for private respondent.

G.R. No. 94209 | 1991-04-30

D E C I S I O N 

GUTIERREZ, JR., J.: 

This is a petition for review seeking the reversal of the decision of the Court of Appeals dated June 29, 1990 which affirmed the decision of the Regional Trial Court of Rizal dated October 20, 1986 ordering the defendants Christiansen and the petitioner, to pay various sums to respondent Villaluz, jointly and severally. 

The facts of the case are as follows: 

On June 3, 1971, Bernardo E. Villaluz agreed to sell to the then defendant Axel Christiansen 2,000 cubic meters of lauan logs at $27.00 per cubic meter FOB. 

After inspecting the logs, Christiansen issued purchase order No....