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St. Raphael Montessori School, Inc. vs. BPI

ST. RAPHAEL MONTESSORI SCHOOL, INC., REPRESENTED BY TERESITA G. BADIOLA, PETITIONER, VS. BANK OF THE PHILIPPINE ISLANDS, RESPONDENT.

G.R. No. 184076 | 2015-10-21

 
D E C I S I O N
 
PERALTA, J.:
 
This is a Petition for Review on Certiorari under Rule 45 of the Rules of Court seeking the reversal of the Decision[1] dated April 25, 2008 and Resolution dated July 16, 2008,[2] respectively, of the Court of Appeals (CA) in CA-G.R. SP No. 101507.

The facts are as follows:

Spouses Rolando and Josefina Andaya (Sps. Andaya) are the President and Vice-President, respectively, of St. Raphael Montessori, Inc. (St. Raphael). From 1994 to 1998, the Spouses Andaya obtained a loan for themselves and on behalf of St. Raphael, from the Far East Bank and Trust company, now Bank of...