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Development Bank Of The Philippines vs Bonita O. Perez And Alfredo Perez.

DEVELOPMENT BANK OF THE PHILIPPINES, Petitioner, versus BONITA O. PEREZ and ALFREDO PEREZ, Respondents.

G.R. No. 148541 | 2004-11-11

D E C I S I O N





CALLEJO, SR., J.:





This is a petition for review on certiorari seeking to reverse and set aside the Decision[1] of the Court of Appeals (CA) dated February 28, 2001, and to reinstate the Decision of the Regional Trial Court (RTC), Makati City, Branch 145, in Civil Case No. 12057, as modified by trial court's Order dated June 11, 1993.



The Antecedents



On April 28, 1978, petitioner Development Bank of the Philippines (DBP) sent a letter to respondent Bonita Perez, informing the latter of the approval of an industrial loan amounting to P214,000.00 for the acquisition of machinery and equipment and for working...