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Associated Bank vs. Sps. Rafael and Monaliza Pronstroller

ASSOCIATED BANK (now UNITED OVERSEAS BANK [PHILS.]), Petitioner, versus SPOUSES RAFAEL and MONALIZA PRONSTROLLER, Respondents.

G.R. No. 148444 | 2008-07-14

DECISION


NACHURA, J.:

This is a Petition for Review on Certiorari under Rule 45 of the Rules of Court filed by petitioner Associated Bank (now United Overseas Bank [Phils.]) assailing the Court of Appeals (CA) Decision[1] dated February 27, 2001, which in turn affirmed the Regional Trial Court[2] (RTC) Decision[3] dated November 14, 1997 in Civil Case No. 94-3298 for Specific Performance. Likewise assailed is the appellate court's Resolution[4] dated May 31, 2001 denying petitioner's motion for reconsideration.

The facts of the case are as follows:

On April 21, 1988, the spouses Eduardo and Ma. Pilar Vaca (spouses Vaca) executed a...