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Spouses Sy et al. vs. Wesmont Bank

SPOUSES RAMON SY AND ANITA NG, RICHARD SY, JOSIE ONG, WILLIAM SY AND JACKELINE DE LUCIA, PETITIONERS, VS. WESTMONT BANK (NOW UNITED OVERSEAS BANK PHILIPPINES) AND PHILIPPINE DEPOSIT INSURANCE CORPORATION, AS ASSIGNEE OF UNITED OVERSEAS BANK PHILIPPINES, RESPONDENTS.

G.R. No. 201074 | 2016-10-19

Republic of the Philippines
Supreme Court
Manila
 
SECOND DIVISION
 
DECISION
 
MENDOZA, J.:
 
This is a Petition for Review on Certiorari seeking to reverse and set aside the August 4, 2011 Decision[1] and the March 19, 2012 Resolution[2] of the Court of Appeals (CA) in CA-G.R. CV No, 90425, which affirmed the November 9, 2007 Decision[3] and February 6, 2008 Order[4] of the Regional Trial Court, Branch 12, Manila (RTC) in Civil Case No. 99-95945.

The Facts

The present case stemmed from a Complaint for Sum of Money,[5] dated August 30, 1999, filed by respondent Westmont...