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Consolidated Bank And Trust Corporation (Solidbank) vs. Court of Appeals

THE CONSOLIDATED BANK AND TRUST CORPORATION (SOLIDBANK), petitioner, vs. THE HONORABLE COURT OF APPEALS, GEORGE TRADE, INC., GEORGE KING TIM PUA and PUA KE SENG, respondents.

G.R. No. 91494 | 1995-07-14

D E C I S I O N

QUIASON, J.:

This is a petition for review on certiorari under Rule 45 of the Revised Rules of Court of the Decision of the Court of Appeals in CA-G.R. CV No. 00922.

I
The factual antecedents, as found by the trial court and adopted by the Court of Appeals, are as follows:

"On April 22, 1977, defendant George King Tim Pua, in his personal capacity, applied for, and was granted, by plaintiff bank a loan for the sum of P500,000.00 for which he executed a promissory note (Exhibit 1) for the same amount, payable on August 22, 1977.

"On April 29, 1977, defendant George King Tim Pua, in his personal capacity, applied for, and...