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Ley Construction Development Corporation vs. Union Bank of the Philippines

LEY CONSTRUCTION AND DEVELOPMENT CORPORATION, SPOUSES MANUEL T. LEY AND JANET T. LEY, petitioners, vs. UNION BANK OF THE PHILIPPINES, respondent.

G.R. No. 133801 | 2000-06-27

D E C I S I O N


MENDOZA, J.:

This is a petition for review of the decision1 [Per Justice Romeo J. Callejo, Sr. and concurred in by Justices Angelina Sandoval Gutierrez and Rodrigo V. Cosico.] of the Court of Appeals setting aside two orders of the Regional Trial Court, Branch 134, Makati City, dated February 27, 1997 and June 6, 1997, which respectively denied respondent's motion for execution and its motion for reconsideration thereof.

The facts are as follows:

On October 7, 1991, respondent Union Bank of the Philippines filed a suit for collection of a sum of money against petitioners Ley Construction and Development Corporation and...