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BA Finance Corp. Vs. Court Of Appeals

BA FINANCE CORPORATION, petitioner, vs. HON. COURT OF APPEALS and TRADERS ROYAL BANK, respondents.

G.R. No. 94566 | 1992-07-03

D E C I S I O N


MEDIALDEA, J.:

This is a petition for review on certiorari of the decision of the respondent appellate court which reversed the ruling of the trial court dismissing the case against petitioner.

The antecedent facts are as follows:

On December 17, 1980, Renato Gaytano, doing business under the name Gebbs International, applied for and was granted a loan with respondent Traders Royal Bank in the amount of P60,000.00. As security for the payment of said loan, the Gaytano spouses executed a deed of suretyship whereby they agreed to pay jointly and severally to respondent bank the amount of the loan including interests,...