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Far East Bank and Trust Co vs Estrella Querimit

FAR EAST BANK AND TRUST COMPANY, petitioner, vs. ESTRELLA O. QUERIMIT, respondent.

G.R. No. 148582 | 2002-01-16

Facts:

The respondent was issued 4 certificates of Deposit, all of which bore the word "accrue". Each certificate issued by the FEBTC representative the amount of $15, 000.

When the respondent's husband died, she went to FEBTC to withdraw her deposit to withdraw her deposit but she was told that her husband had withdrawn the money.

Respondent sent 2 demand letters for the payment and updating of her certificates including interests earned. Petitioner refused the demand, thus a complaint was filed against it including therein the branch manager of FEBTC Harrison Plaza and the FEBTC President. The petitioner alleged that it had given...