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RCBC vs. Odrada

RCBC SAVINGS BANK, PETITIONER, VS. NOEL M. ODRADA, RESPONDENT.

G.R. No. 219037 | 2016-10-19

D E C I S I O N
 
CARPIO, J.:
 
The Case

Before the Court is a petition for review on certiorari[1] assailing the 26 March 2014 Decision[2] and the 18 June 2015 Resolution[3] of the Court of Appeals in CA-G.R. CV No. 94890.
 
The Facts

In April 2002, respondent Noel M. Odrada (Odrada) sold a second­hand Mitsubishi Montero (Montero) to Teodoro L. Lim (Lim) for One Million Five Hundred Ten Thousand Pesos (P1,510,000). Of the total consideration, Six Hundred Ten Thousand Pesos (P610,000) was initially paid by Lim and the balance of Nine Hundred Thousand Pesos (P900,000) was financed by petitioner RCBC Savings Bank (RCBC) through a...