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Equitable PCI Bank vs. Ng Sheurig Ngor

EQUITABLE PCI BANK,* AIMEE YU and BEJAN LIONEL APAS, Petitioners, versus NG SHEUNG NGOR** doing business under the name and style "KEN MARKETING," KEN APPLIANCE DIVISION, INC. and BENJAMIN E. GO, Respondents.

G.R. No. 171545 | 2007-12-19

D E C I S I O N

CORONA, J.:

This petition for review on certiorari[1] seeks to set aside the decision[2] of the Court of Appeals (CA) in CA-G.R. SP No. 83112 and its resolution[3] denying reconsideration.

On October 7, 2001, respondents Ng Sheung Ngor,[4] Ken Appliance Division, Inc. and Benjamin E. Go filed an action for annulment and/or reformation of documents and contracts[5] against petitioner Equitable PCI Bank (Equitable) and its employees, Aimee Yu and Bejan Lionel Apas, in the Regional Trial Court (RTC), Branch 16 of Cebu City.[6] They claimed that Equitable induced them to avail of its peso and dollar credit facilities by offering...