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BDO Unibank, Inc. vs. Lao, et al.

BDO UNIBANK, INC., PETITIONER, VS. ENGR. SELWYN LAO, DOING BUSINESS UNDER THE NAME AND STYLE "SELWYN F. LAO CONSTRUCTION" AND "WING AN CONSTRUCTION AND DEVELOPMENT CORPORATION" AND INTERNATIONAL EXCHANGE BANK (NOW UNION BANK OF THE PHILIPPINES),RESPONDENTS.

G.R. No. 227005 | 2017-06-19

DECISION
 
MENDOZA, J.:
 
This is a petition for review on certiorari seeking to reverse and set aside the October 14, 2015 Decision[1] and the September 5, 2016 Resolution[2] of the Court of Appeals (CA) in CA-G.R. CV No. 100351, which affirmed, with modification, the July 9, 2012 Decision[3] of the Regional Trial Court, Branch 55, Manila (RTC) in Civil Case No. 99-93068, a case for collection of sum of money.

The Antecedents

On March 9, 1999, respondent Engineer Selwyn S. Lao (Lao) filed before the RTC a complaint for collection of sum of money against Equitable Banking Corporation, now petitioner Banco de Oro Unibank (BDO), Everlink...