Back

Overseas Bank of Manila vs. Vicente Cordero

THE OVERSEAS BANK OF MANILA, petitioner, vs. VICENTE CORDERO and COURT OF APPEALS, respondents.

G.R. No. L-33582 | 1982-03-30

D E C I S I O N


ESCOLIN, J.:

Again, We are confronted with another case involving the Overseas Bank of Manila, filed by one of its depositors.

This is a petition for review on certiorari of the decision of the Court of Appeals which affirmed the judgment of the Court of First Instance of Manila, holding petitioner bank liable to respondent Vicente Cordero in the amount of P80,000.00 representing the latter's time deposit with petitioner, plus interest thereon at 6% per annum until fully paid, and costs.

On July 20, 1967, private respondent opened a one-year time deposit with petitioner bank in the amount of P80,000.00 to mature on...