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Philippine National Bank (PNB) vs. Court of Appeals

PHILIPPINE NATIONAL BANK, petitioner, vs. THE HONORABLE COURT OF APPEALS (Special Fourth Division), LUZON SURETY CO., INC., and ESTANISLAO E. DEPUSOY, trading under the style of E.E. DEPUSOY CONSTRUCTION, respondents. Domingo A. Santiago, Jr., Lucas R. Vidad, Nicolas C. Alino, Cesar T. Basa and Roland A. Niedo for petitioner. Tolentino, Cruz, Reyes, Lava & Manuel for respondent Luzon Surety Co., Inc. F. M. Ejercito for respondent E.E. Depusoy Construction.

G.R. No. 33174 | 1991-07-04

D E C I S I O N

DAVIDE, JR., J.:

Before Us is a petition for the review on certiorari of the decision of the Court of Appeals promulgated on 12 December 1970 in C.A.-G.R. No. 36615-R 1 affirming, with modification, the decision of the then Court of First Instance (now Regional Trial Court) of Manila, Branch VII, dated 30 September 1959 in Civil Case No. 35163, 2 an action for collection of sum of money filed by petitioner against private respondents. The dispositive portion of the trial court's decision reads:

"IN VIEW WHEREOF:

1. The case against Luzon Surety Co. is dismissed but its counterclaim is also dismissed for lack of...