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Consuelo Araneta Vs. Court Of Appeals

SPOUSES CONSUELO and ARTURO ARANETA, petitioners, vs. THE COURT OF APPEALS, PILIPINAS BANK and DELTA MOTOR CORPORATION, respondents.

G.R. No. 95253 | 1992-07-10

D E C I S I O N


NOCON, J.:

Petitioners Spouses Arturo and Consuelo Araneta pray for the reversal of the respondent Court's September 13, 1990 decision 1 which affirmed the trial court's decision of February 13, 1987 2 dismissing petitioners' complaint against private respondent Pilipinas Bank for not physically delivering to them the Delta Motors Corporation Promissory Note No. 2777 Corporation (Philfinance), which was its undertaking under Denominated Custodian Receipt No. 10847 dated December 29, 1980 3 and the other private respondent Delta Motors Corporation for not honoring said promissory note it had issued to Philfinance on May...