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Tala Realty Services vs Banco Filipino

TALA REALTY SERVICES CORP., petitioner, vs. BANCO FILIPINO SAVINGS AND MORTGAGE BANK, respondent.

G.R. No. 132051 | 2001-06-25

D E C I S I O N

SANDOVAL-GUTIERREZ, J.:

Stare decisis et non quieta movere. This principle of adherence to precedents has not lost its luster and continues to guide the bench in keeping with the need to maintain stability in the law.

The principle finds application to the case now before us.

This is a petition for review on certiorari under Rule 45 of the 1997 Rules of Civil Procedure, as amended, assailing the Resolution dated December 23, 1997 of the Court of Appeals in C.A.-G.R. SP No. 44257.

Under Republic Act No. 337 (General Banking Act), commercial banks are allowed to invest in real property subject to the limitation that:

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