Back

Metropolitan Bank and Trust Company (Metrobank) vs. Viray

METROPOLITAN BANK AND TRUST COMPANY, Petitioner, versus EDGARDO D. VIRAY, Respondent

G.R. No. 162218 | 2010-02-25

DECISION

CARPIO, J.:

The Case

Before the Court is a petition for review on certiorari[1] assailing the Decision[2] dated 21 August 2003 and Resolution[3] dated 13 February 2004 of the Court of Appeals (CA) in CA-G.R. CV No. 43926, which reversed the Decision[4] dated 21 September 2003 of the Regional Trial Court (RTC) of Cagayan de Oro City, Misamis Oriental, Branch 23, in Civil Case No. 91-309.

The Facts

On 7 July 1979, Rico Shipping, Inc., represented by its President, Erlinda Viray-Jarque, together with respondent Edgardo D. Viray (Viray), in their own personal capacity and as solidary obligors (the three parties collectively known as the...