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Phil. National Bank vs CA, et al.

PHILIPPINE NATIONAL BANK, petitioner, vs. COURT OF APPEALS, and SPOUSES EDILBERTO and ELENA NATIVIDAD, respondents.

G.R. No. 121739 | 1999-06-14

D E C I S I O N


MENDOZA, J.:

This is a petition for review of the decision, dated July 31, 1995, of the Court of Appeals, 1 [Petition, Annex A; Rollo, pp. 33-41.] affirming the dismissal by the Regional Trial Court (RTC) of Quezon City, Branch 99 of the complaint filed by petitioner Philippine National Bank (PNB) to recover the deficiency of the debt owed to it by respondent spouses Edilberto and Elena Natividad after the extrajudicial foreclosure of the properties given by respondent spouses as collateral for their loan.

The facts are stated in the following portion of the decision of the trial court:

Material facts culled from the...