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BPI INVESTMENT Corp vs. D. G. CARREON COMMERCIAL Corp, DANIEL G. CARREON, AURORA J. CARREON, AND JOSEFA M. JECIEL

BPI INVESTMENT CORPORATION, petitioner, vs. D. G. CARREON COMMERCIAL CORPORATION, DANIEL G. CARREON, AURORA J. CARREON, AND JOSEFA M. JECIEL, respondents.

G.R. No. 126524 | 2001-11-29

D E C I S I O N

PARDO, J.:

Before the Court is a petition for review on certiorari of the decision[1] of the Court of Appeals reversing the ruling of the Regional Trial Court, Makati, dismissing petitioner's complaint for recovery of a sum of money alleged as overpayment of money market placements.

The Facts

Petitioner BPI Investment Corporation (BPI Investments), formerly known as "Ayala Investment and Development Corporation," was engaged in money market operations. Respondent D. G. Commercial Corporation was a client of petitioner and started its money market placements in September, 1978. The individual respondents, spouses Daniel...