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Spouses Timado vs. Rural Bank of San Jose etc.

SPOUSES MAMERTO AND ADELIA* TIMADO, PETITIONERS, VS. RURAL BANK OF SAN JOSE, INC., TEDDY MONASTERIO, IN HIS CAPACITY AS ITS PRESIDENT/MANAGER, AND ATTY. AVELINO SALES, RESPONDENTS.

G.R. No. 201436 | 2016-07-11

DECISION
 
BRION, J.:
 
We resolve the petition for review on certiorari[1] assailing the March 30, 2012 decision[2] of the Court of Appeals (CA) in CA-G.R. CV No. 89866 entitled "Spouses Mamerto Timado and Delia Timado v. Rural Bank of San Jose, Inc., Teddy Monasterio, in his capacity as its Manager, and Gilbert Passion," that affirmed with modification the October 31, 2006 Regional Trial Court (RTC) joint decision in Civil Case No. IR-2974 and Special Civil Action No. IR-3187.

The CA decision affirmed the RTC's decision dismissing the complaint for reformation of instruments and the petition for indirect...