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Caltex (Philippines), Inc. Vs. Court Of Appeals, Et Al.

CALTEX (PHILIPPINES), INC., petitioner, vs. COURT OF APPEALS and SECURITY BANK AND TRUST COMPANY, respondents.

G.R. No. 97753 | 1992-08-10

D E C I S I O N


REGALADO, J.:

This petition for review on certiorari impugns and seeks the reversal of the decision promulgated by respondent court on March 8, 1991 in CA-G.R. CV No. 23615 1 affirming, with modifications, the earlier decision of the Regional Trial Court of Manila, Branch XLII, 2 which dismissed the complaint filed therein by herein petitioner against private respondent bank.

The undisputed background of this case, as found by the court a quo and adopted by respondent court, appears of record:

"1. On various dates, defendant, a commercial banking institution, through its Sucat Branch issued 280 certificates of time...