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Insular Life Assurance Company, Ltd., et al. vs Robert Young, et al.

INSULAR LIFE ASSURANCE COMPANY, LTD., INSULAR SAVINGS BANK and JACINTO D. JIMENEZ, petitioners, vs. ROBERT YOUNG, GABRIEL LA'O II, ARTHUR TAN, LOPE JUBAN, JR., MARIA LOURDES ONGPIN, ANTONIO ONGPIN, ELSIE DIZON, YOLANDA BAYER, CECILIA VIRAY, MANUEL VIRAY and JOSE VITO BORROMEO, respondents.

G.R. No. 140964 | 2002-01-16

D E C I S I O N

SANDOVAL-GUTIERREZ, J.:

Before this Court are two (2) consolidated petitions, the first, docketed as G.R. No. 140964, is a petition for review on certiorari[1] of the Decision of the Court of Appeals dated September 22, 1999 in CA-G.R. CV No. 54264 reversing the Decision of the Regional Trial Court, Branch 142, Makati City in Civil Case No. 92-049. The other, G. R. No. 142267, is a petition for certiorari,[2] assailing the Resolution dated March 10, 2000 of the Court of Appeals (in the same civil case) which granted private respondents' motion for execution pending appeal.

The undisputed facts are:

In December, 1987,...