Back

The Overseas Bank of Manila vs. Court of Appeals, et al.

THE OVERSEAS BANK OF MANILA, petitioner, vs. COURT OF APPEALS and TONY D. TAPIA, in his capacity as Attorney-in-Fact of ENRIQUETA MICHEL DE CHAMPOURCIN, respondents.

G.R. No. L-49353 | 1981-06-11

D E C I S I O N


BARREDO, J.:

Petition for review of the decision of the Court of Appeals in CA-G.R. No. 44766-R, Tony D. Tapia, etc. vs. The Overseas Bank of Manila and the denial of the motion for reconsideration thereof. That judgment affirmed in toto the decision of the Court of First Instance of Manila, Branch IV, in Civil Case No. 69876, for collection of money, reading thus:

"WHEREFORE, judgment is hereby rendered in favor of the plaintiff against the herein defendant ordering the latter (1) to pay plaintiff the sum of P100,000.00 representing the value of its time deposit together with interest thereon at 4-1/2% per annum from...