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Metropolitan Bank and Trust Company (Metrobank) vs. Spouses Tan

METROPOLITAN BANK AND TRUST COMPANY, Petitioner, versus SPOUSES ELISA TAN AND ANTONIO TAN and SPOUSES LILIAN TAN AND MARCIAL SEE, Respondents.

G.R. No. 178449 | 2008-10-17

D E C I S I O N

CHICO-NAZARIO, J.:

Before Us is a Petition for Review on Certiorari under Rule 45 of the 1997 Rules of Civil Procedure which seeks to set aside the Decision[1] of the Court of Appeals dated 31 January 2007 in CA-G.R. CV No. 86214 affirming in toto the Decision[2] of Branch 32 of the Regional Trial Court (RTC) of Manila in Civil Case No. 97-85012 and its Resolution[3] dated 15 June 2007 denying petitioner's motion for reconsideration.

The factual antecedents are as follows:

In June 1974, Ylang-Ylang Merchandising Company, a partnership between Angelita Rodriguez and respondent Antonio Tan, obtained a loan in the amount of...