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Philippine Banking Corporation vs CA And Leonilo Marcos

PHILIPPINE BANKING CORPORATION, petitioner, vs. COURT OF APPEALS and LEONILO MARCOS, respondents.

G.R. No. 127469 | 2004-01-15

D E C I S I O N

CARPIO, J.:

The Case

Before us is a petition for review of the Decision[1] of the Court of Appeals in CA-G.R. CV No. 34382 dated 10 December 1996 modifying the Decision[2] of the Regional Trial Court, Fourth Judicial Region, Assisting Court, Biñan, Laguna in Civil Case No. B-3148 entitled "Leonilo Marcos v. Philippine Banking Corporation."

The Antecedent Facts

On 30 August 1989, Leonilo Marcos ("Marcos") filed with the trial court a Complaint for Sum of Money with Damages[3] against petitioner Philippine Banking Corporation ("BANK").[4]

Marcos alleged that sometime in 1982, the BANK through Florencio B....