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Philippine National Bank Vs. Spouses Angelito Perez and Jocelyn Perez/Spouses Angelito Perez and Jocelyn Perez Vs. Philippine National Bank

PHILIPPINE NATIONAL BANK, Petitioner, vs. THE SPS. ANGELITO PEREZ and JOCELYN PEREZ, Respondents. G.R. No. 187640 ___________________________ SPS. ANGELITO PEREZ and JOCELYN PEREZ, Petitioners, vs. PHILIPPINE NATIONAL BANK, Respondent.

G.R. No. 187640/G.R. No. 187687 | 2011-06-15

FIRST DIVISION
 
D E C I S I O N
 
VELASCO, JR., J.:
 

Before Us are two Petitions for Review on Certiorari under Rule 45 docketed as G.R. No. 187640 and G.R. No. 187687, seeking the review of the Decision and Resolution of the Court of Appeals (CA) dated October 23, 2008 and April 28, 2009, respectively, in CA-G.R. SP No. 96534. We consolidated the two cases as they involve identical parties, arose from the same facts, and raise interrelated issues.
 
The Facts
 
In 1988, spouses Angelito Perez and Jocelyn Perez (Spouses Perez) obtained a revolving credit line from Philippine National Bank’s (PNB’s) branch in...