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Philippine National Bank Vs. Adela Sia and Robert Ngo

PHILIPPINE NATIONAL BANK, Petitioner, versus ADELA SIA and ROBERT NGO, Respondents.

G.R. No. 165836 | 2009-02-18

DECISION


QUISUMBING, J.:

This petition for review seeks to set aside the Decision[1] dated July 31, 2003 and the Resolution[2] dated October 28, 2004 of the Court of Appeals in CA-G.R. CV No. 49806.

The antecedents of the case, as culled from the records, are:

Midcom Interline Development Corporation (MIDCOM) was the registered owner of a 349-square meter lot with a ten-door apartment located at the corner of Alvarez and Oroquieta Streets in Sta. Cruz, Manila, and covered by Transfer Certificate of Title (TCT) No. 156156.[3] On August 20, 1984, MIDCOM signed a Contract to Sell[4] the property to the spouses Felicisimo and Myrna...