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Panacan Lumber Co., etc. vs. Solidbank corp.

PANACAN LUMBER CO., ANTONIO B. GO, MA. TERESA C. GO AND DOROTEA B. GO, PETITIONERS, VS. SOLIDBANK CORP., (NOW METROPOLITAN BANK & TRUST COMPANY),[1] RESPONDENT.

G.R. No. 226272 | 2020-09-16

SECOND DIVISION
 


D E C I S I O N
 
HERNANDO, J.:
 
Challenged in this Petition[2] is the July 31, 2015 Decision[3] and August 12, 2016 Resolution[4] of the Court of Appeals (CA) in CA-G.R. CV No. 99342 which reversed and set aside the February 13, 2012 Decision[5] of the Regional Trial Court (RTC), Branch 42 of Manila in Civil Case No. 99-95722. The CA affirmed the following obligations of petitioner Panacan Lumber Co. (PLC), Antonio B. Go (Antonio), Ma. Teresa C. Go (Teresa) and Dorotea B. Go (Dorotea) in favor of respondent Solidbank Corp. (Solidbank), now Metropolitan Bank & Trust Company (MBTC): (a)...