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Antonio R. Banzon, etal. Vs. Court of Appeals, etal

ANTONIO R. BANZON and ROSA BALMACEDA, petitioners, vs. COURT OF APPEALS, MAXIMO R. STA. MARIA and VALERIANA R. STA. MARIA, respondents.

G.R. No. 47258 | 1989-07-13

D E C I S I O N


FERNAN, J.:

In this petition for review on certiorari, We affirm the decision of the Court of Appeals 1 dated July 16, 1976 in CA-G.R. No. 54075-R, entitled "Antonio Banzon, et al., Plaintiffs-Appellees, versus Maximo R. Sta. Maria, et al., Defendants-Appellants" absolving herein private respondents Maximo R. Sta. Maria and Valeriana R. Sta. Maria from any liability arising from petitioners' complaint.

The antecedents are accurately narrated in the decision of the trial court 2 as follows:

"Sometime in the year 1952, defendant Maximo R. Sta. Maria, obtained several crop loans from PNB. For these loans, Associated acted...