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Philippine Commercial International Bank Vs. Intermediate Appellate Court

PHILIPPINE COMMERCIAL INTERNATIONAL BANK (formerly Philippine Commercial & Industrial Bank), petitioner, vs. INTERMEDIATE APPELLATE COURT AND SPOUSES JOSE SALGADO AND JULIETA SALGADO, respondents. San Juan, Africa, Gonzalez & San Agustin Law Offices for petitioner. Manalo, Puno & Gosos for private respondents.

G.R. No. 73610 | 1991-04-19

D E C I S I O N


MEDIALDEA, J.:

This is a petition for review on certiorari of the decision of the Intermediate Appellate Court dated October 30, 1985 in AC-G.R. CV No. 00119 entitled, "Philippine Commercial and Industrial Bank, v. Spouses Jose Salgado and Julieta Salgado," which reversed the decision of the trial court and its resolution denying the motion for reconsideration.

The facts are as follows:

A complaint (pp. 43-48, Rollo) for recovery of a sum of money with an application for a writ of preliminary attachment was filed on May 8, 1978 by Philippine Commercial and Industrial Corporation (PCIB) against Spouses Salgado with the...