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Metropolitan Bank and Trust Company Vs. Larry Marinas

METROPOLITAN BANK AND TRUST COMPANY, Petitioner, versus LARRY MARINAS, Respondent.

G.R. No. 179105 | 2010-07-26

DECISION


NACHURA, J.:

This is a petition for review on certiorari under Rule 45 of the Rules of Court, seeking to annul and set aside the Court of Appeals (CA) Decision[1] dated July 31, 2007, affirming with modification the Regional Trial Court (RTC) decision[2] dated October 14, 2004.

The factual and procedural antecedents are as follows:

Sometime in April 1998, respondent Larry Mariñas returned to the Philippines from the United States of America. He opened a personal dollar savings account[3] by depositing US$100,000.00 with petitioner Metropolitan Bank and Trust Company. On April 13, 1998, respondent obtained a loan from petitioner in...