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Bank of America, NT and SA Vs. Associated Citizens Bank, et al.

BANK OF AMERICA, NT & SA, Petitioner, versus ASSOCIATED CITIZENS BANK, BA-FINANCE CORPORATION, MILLER OFFSET PRESS, INC., UY KIAT CHUNG, CHING UY SENG, UY CHUNG GUAN SENG, and COURT OF APPEALS, Respondents.

G.R. Nos. 141001 and 141018 | 2009-05-21

D E C I S I O N 
 
CARPIO, J.: 
 
The Case 
 
Before the Court are consolidated cases docketed as G.R. No. 141001 and G.R. No. 141018. These two cases are petitions for review on certiorari[1] of the Decision[2] dated 26 February 1999 and the Resolution dated 6 December 1999 of the Court of Appeals in CA-G.R. CV No. 48821. The Court of Appeals affirmed with modifications the Decision of the Regional Trial Court of Makati, Branch 64 (RTC). 
 
The Antecedent Facts 
 
On 6 October 1978, BA-Finance Corporation (BA-Finance) entered into a transaction with Miller Offset Press, Inc. (Miller), through the...