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Prudential Bank vs. Chonney Lim

PRUDENTIAL BANK, Petitioner, versus CHONNEY LIM, Respondent.

G.R. No. 136371 | 2005-11-11

D E C I S I O N 

Tinga, J.: 

This treats of the petition for review on certiorari of the Decision[1] of the Court of Appeals,[2] dated 31 July 1998, which affirmed with slight modification the Decision[3] of the Regional Trial Court (RTC),[4] granting the action filed by respondent for recovery of sum of money and damages. 

Chonney Lim (respondent), the owner of Rikes Boutique located at Session Road, Baguio City, maintained two (2) accounts with Prudential Bank (the bank), namely: Savings Account No. 11264 and Checking Account No. 1262. He availed of the bank's automatic transfer system wherein the funds from his savings...