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Union Bank vs. Edmund Santibanez

UNION BANK OF THE PHILIPPINES, Petitioner, vs. EDMUND SANTIBANEZ and FLORENCE SANTIBANEZ ARIOLA, Respondents.

G.R. No. 149926 | 2005-02-23

SECOND DIVISION
D E C I S I O N 
 
CALLEJO, SR., J.: 
 
Before us is a petition for review on certiorari under Rule 45 of the Revised Rules of Court which seeks the reversal of the Decision[1] of the Court of Appeals dated May 30, 2001 in CA-G.R. CV No. 48831 affirming the dismissal[2] of the petitioner's complaint in Civil Case No. 18909 by the Regional Trial Court (RTC) of Makati City, Branch 63. 
 
The antecedent facts are as follows: 
 
On May 31, 1980, the First Countryside Credit Corporation (FCCC) and Efraim M. Santibañez entered into a loan agreement[3] in the amount of P128,000.00. The...