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Metropolitan Bank & Trust Company Vs. Ana Grace Rosales and Yo Yuk To

THE METROPOLITAN BANK AND TRUST COMPANY, Petitioner, vs. ANA GRACE ROSALES AND YO YUK TO, Respondents.

G.R. No. 183204 | 2014-01-13

SECOND DIVISION
 
D E C I S I O N

DEL CASTILLO, J.:

Bank deposits, which are in the nature of a simple loan or mutuum,1 must be paid upon demand by the depositor.2
 
This Petition for Review on Certiorari3 under Rule 45 of the Rules of Court assails the April 2, 2008 Decision4 and the May 30, 2008 Resolution5 of the Court of Appeals (CA) in CA-G.R. CV No. 89086.
 
Factual Antecedents
 
Petitioner Metropolitan Bank and Trust Company is a domestic banking corporation duly organized and existing under the laws of the Philippines.6 Respondent Ana Grace Rosales (Rosales) is the owner of China Golden Bridge...