Back

Gerardo Samson Jr. vs BPI

GERARDO F. SAMSON JR., petitioner, vs. BANK OF THE PHILIPPINE ISLANDS, respondent.

G.R. No. 150487 | 2003-07-10

D E C I S I O N

PANGANIBAN, J.:

Gross negligence of a bank in the handling of its client's deposit amounts to bad faith that calls for an award of moral damages. Credit is very important to businessmen, and its loss or impairment needs to be recognized and compensated.

The Case

Before us is a Petition for Review[1] under Rule 45 of the Rules of Court, seeking to set aside the March 30, 2001 Decision[2] and the October 22, 2001 Resolution[3] of the Court of Appeals (CA) in CA-GR CV No. 54599. The dispositive portion of the assailed Decision reads as follows:

"WHEREFORE, foregoing premises considered, the Decision appealed from is...