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Sps Santiago J. Tanchan, Jr & Rufina C. Tanchan Vs. Allied Banking Corporation

SPOUSES SANTIAGO and RUFINA TANCHAN, Petitioners, versus ALLIED BANKING CORPORATION, Respondent.

G.R. No. 164510 | 2008-11-25

D E C I S I O N


AUSTRIA-MARTINEZ, J.:

By way of Petition for Review under Rule 45 of the Rules of Court, spouses Santiago and Rufina Tanchan (petitioners) seek the modification of the June 15, 2004 Decision[1] of the Court of Appeals (CA) which affirmed the August 3, 2001 Decision[2] and August 8, 2002 Order[3] of Branch 137, Regional Trial Court (RTC), Makati in Civil Case No. 98-2468.[4]

The relevant facts are of record.

For value received, Cebu Foremost Construction, Inc. (Foremost), through its Chairman and President Henry Tanchan (Henry) and his spouse, Vice-President and Treasurer Ma. Julie Ann Tanchan (Ma. Julie Ann) executed...