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St. James College of Para?aque; Jaime T. Torres, represented by his legal representative, James Kenley M. Torres; and Myrna M. Torres Vs. Equitable PCI Bank

ST. JAMES COLLEGE OF PARA?AQUE; JAIME T. TORRES, represented by his legal representative, JAMES KENLEY M. TORRES; and MYRNA M. TORRES, Petitioners, versus EQUITABLE PCI BANK, Respondent.

G.R. No. 179441 | 2010-08-09

D E C I S I O N


VELASCO, JR., J.:

Appealed via this petition for review under Rule 45 is the Decision[1] dated January 17, 2007 of the Court of Appeals (CA) in CA-G.R. SP No. 86587, as reiterated in its Resolution[2] of August 28, 2007, reversing the earlier orders in SCA No. 2569 of the Regional Trial Court (RTC), Branch 266 in Pasig City.

The Facts

Petitioners-spouses Jaime (now deceased) and Myrna Torres owned and operated St. James College of Parañaque[3] (St. James College), a sole proprietorship educational institution. Sometime in 1995, the Philippine Commercial and International Bank (PCIB) granted the Torres spouses...