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YULIM INTERNATIONAL COMPANY LTD., JAMES YU, JONATHAN YU, AND ALMERICK TIENG LIM, PETITIONERS, VS. INTERNATIONAL EXCHANGE BANK (NOW UNION BANK OF THE PHILIPPINES), RESPONDENT.

YULIM INTERNATIONAL COMPANY LTD., JAMES YU, JONATHAN YU, AND ALMERICK TIENG LIM, PETITIONERS, VS. INTERNATIONAL EXCHANGE BANK (NOW UNION BANK OF THE PHILIPPINES), RESPONDENT.

G.R. No. 203133 | 2015-02-18

THIRD DIVISION
 
D E C I S I O N
 
REYES, J.:
 
In the assailed Decision[1] dated February 1, 2012 in CA-G.R. CV No. 95522, the Court of Appeals (CA) modified the Decision[2] dated December 21, 2009 of the Regional Trial Court (RTC) of Makati City, Branch 145, in Civil Case No. 02-749, holding that James Yu (James), Jonathan Yu (Jonathan) and Almerick Tieng Lim (Almerick), who were capitalist partners in Yulim International Company Ltd. (Yulim), collectively called as the petitioners, were jointly and severally liable with Yulim for its loan obligations with respondent International Exchange Bank (iBank).
 
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