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Zobel, Inc vs. Court of Appeals

E. ZOBEL, INC., Petitioner, vs THE COURT OF APPEALS, CONSOLIDATED BANK AND TRUST CORPORATION AND SPOUSES RAUL AND ELEA R. CLAVERIA, Respondents.

G.R. No. 113931 | 1998-05-06

D E C I S I O N 

MARTINEZ, J : 

This Petition for Review on Certiorari seeks the reversal of the Decision[1] of the Court of Appeals dated July 13, 1993 which affirmed the Order of the Regional Trial Court of Manila, Branch 51, denying petitioner's Motion to Dismiss the complaint, as well as the Resolution[2] dated February 15, 1994 denying the motion for reconsideration thereto. 

The facts are as follows: 

Respondent spouses Raul and Elea Claveria, doing business under the name "Agro Brokers," applied for a loan with respondent Consolidated Bank and Trust Corporation [now SOLIDBANK] in the amount of Two Million Eight...