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International vs. Spouses Briones

INTERNATIONAL EXCHANGE BANK NOW UNION BANK OF THE PHILIPPINES, PETITIONER, V. SPOUSES JEROME AND QUINNIE BRIONES, AND JOHN DOE, RESPONDENTS.

G.R. No. 205657 | 2017-03-29

DECISION
 
LEONEN, J.:
 
Upon accepting an agency, the agent becomes bound to carry out the agency and shall be held liable for the damages, which the principal may incur due to the agent's non-performance.[1]
 
This resolves the Petition for Review on Certiorari[2] filed by International Exchange Bank (iBank), now Union Bank of the Philippines, assailing the Court of Appeals' September 27, 2012 Decision[3] and February 6, 2013 Resolution[4] in CA-G.R. CV. No. 97453, which upheld the June 16, 2011 Decision[5] of Branch 138, Makati City Regional Trial Court in Civil Case No. 04-557.
 
On July 2,...