Back

J. Antonio Aguenza vs. Metropolitan Bank & Trust Co., et al.

J. ANTONIO AGUENZA, petitioner vs. METROPOLITAN BANK & TRUST CO., VITALIADO P. ARRIETA, LILIA PEREZ, PATRICIO PEREZ and THE INTERMEDIATE APPELLATE COURT, respondents.

G.R. No. 74336 | 1997-04-07

D E C I S I O N


HERMOSISIMA, JR., J.:

Before us is a petition for review on certiorari seeking the reversal of the Decision 1 of the Intermediate Appellate Court (now the Court of Appeals) 2 finding petitioner J. Antonio Aguenza liable under a continuing surety agreement to pay private respondent Metropolitan Bank & Trust Company (hereafter, Metrobank) a loan jointly obtained by the General Manager and a bookkeeper of Intertrade a corporation of which petitioner is President and in whose behalf petitioner had, in the past, obtained credit lines.

The following facts are not disputed:

On February 28, 1977, the Board of Directors of...