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Far East Bank & Trust Co. Vs. Gold Palace Jewellery Co as Represented By July L. Yang, Julie Yang-Go & Kho Soon Huat

FAR EAST BANK & TRUST COMPANY, Petitioner, versus GOLD PALACE JEWELLERY CO., as represented by Judy L. Yang, Julie Yang-Go and Kho Soon Huat, Respondent.

G.R. No. 168274 | 2008-08-20

DECISION


NACHURA, J.:

For the review of the Court through a Rule 45 petition are the following issuances of the Court of Appeals (CA) in CA-G.R. CV No. 71858: (1) the March 15, 2005 Decision[1] which reversed the trial court's ruling, and (2) the May 26, 2005 Resolution[2] which denied the motion for reconsideration of the said CA decision.

The instant controversy traces its roots to a transaction consummated sometime in June 1998, when a foreigner, identified as Samuel Tagoe, purchased from the respondent Gold Palace Jewellery Co.'s (Gold Palace's) store at SM-North EDSA several pieces of jewelry valued at P258,000.00.[3] In payment...