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PHILIPPINE NATIONAL BANK, Petitioner, vs. CIRIACO JUMAMOY and HEIRS OF ANTONIO GO PACE, represented by ROSALIA PACE, Respondents.

Philippine National Bank vs. Ciriao Jumamoy, et al.

G.R. No. 169901 | 2011-08-03



Republic of the Philippines
SUPREME COURT
Manila


FIRST DIVISION


G.R. No. 169901               August 3, 2011


PHILIPPINE NATIONAL BANK, Petitioner,

vs.

CIRIACO JUMAMOY and HEIRS OF ANTONIO GO PACE, represented by ROSALIA PACE, Respondents.


D E C I S I O N


DEL CASTILLO, J.:


A PARTY enters into an agreement or contract with an eye to reap benefits therefrom or be relieved of an oppressive economic condition. The other party likewise assumes that the agreement would be advantageous to him. But just like in any other human undertaking, the end-result may not be as sweet as expected.


The problem could not be resolved by...