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Tiu Hiong Guan, et al. vs. Metropolitan Bank & Trust co.

TIU HIONG GUAN, LUISA DE VERA TIU, JUANITO RELLERA and PURITA RELLERA, Petitioners, versus METROPOLITAN BANK & TRUST COMPANY, Respondent.

G.R. No. 144339 | 2006-08-09

SECOND DIVISION

DECISION 

AZCUNA, J.: 

This is a petition for review[1] by Tiu Hiong Guan, Luisa de Vera Tiu, Juanito Rellera, and Purita Rellera, assailing the Decision and Resolution of the Court of Appeals dated May 23, 2000 and August 11, 2000, respectively, in CA-G.R. CV No. 57571 entitled "Metropolitan Bank & Trust Co. v. Tiu Hiong Guan, et al." 

The facts[2] of the case are as follows: 

Sometime in October 1990, petitioners applied for a continuing credit facility for and in behalf of themselves and their corporation, Sunta Rubberized Industrial Corporation (Sunta), and executed in their personal and official...