Volume I

Commercial Law
(Banking Laws – Cases)

Elsa M. Cañete, CPA, CSP, DBA (Candidate), Juris Doctor

 Table of Contents
G.R. No. 104612 May 10, 1994

BANK OF THE PHILIPPINE ISLANDS (successor-in- interest of COMMERCIAL

AND TRUST CO.), petitioner,
vs.
HON. COURT OF APPEALS, EASTERN PLYWOOD CORP. and
BENIGNO D. LIM, respondents. ---------------------------------------------------------------------------------- Page 01

G.R. No. 138569 September 11, 2003

THE CONSOLIDATED BANK and TRUST CORPORATION, petitioner,
vs.
COURT OF APPEALS and L.C. DIAZ and COMPANY, CPA’s, respondents. ------------------------ Page 07

G.R. No. L-38427 March 12, 1975

CENTRAL BANK OF THE PHILIPPINES as Liquidator of the FIDELITY SAVINGS

BANK, petitioner,
vs.
HONORABLE JUDGE JESUS P. MORFE, as Presiding Judge of Branch XIII,
Court of First Instance of Manila, Spouses AUGUSTO and ADELAIDA PADILLA
and Spouses MARCELA and JOB ELIZES, respondents. --------------------------------------------------- Page 16

G.R. No. L-30511 February 14, 1980

MANUEL M. SERRANO, petitioner,

vs.
CENTRAL BANK OF THE PHILIPPINES; et. al. ----------------------------------------------------------- Page 22

G.R. No. L-43191 November 13, 1935

PAULINO GULLAS, plaintiff-appellant,

vs.
THE PHILIPPINE NATIONAL BANK, defendant-appellant. ---------------------------------------------- Page 27

G.R. No. 118357 May 6, 1997

PHILIPPINE NATIONAL BANK, petitioner,

vs.
COURT OF APPEALS and INDUSTRIAL ENTERPRISES, INC., respondents. --------------------- Page 30
G.R. No. 156132 February 6, 2007

CITIBANK, N.A. (Formerly First National City Bank) and INVESTORS’ FINANCE
CORPORATION, doing business under the name and style of FNCB Finance, Petitioners,
vs.
MODESTA R. SABENIANO, Respondent. ---------------------------------------------------------------------- Page 46

G.R. No. L-60033 April 4, 1984

TEOFISTO GUINGONA, JR., ANTONIO I. MARTIN, and TERESITA SANTOS, petitioners,

vs.
THE CITY FISCAL OF MANILA, HON. JOSE B. FLAMINIANO, ASST. CITY
FISCAL FELIZARDO N. LOTA and CLEMENT DAVID, respondents. -------------------------------- Page 60

G.R. No. 179096 February 06, 2013

JOSEPH GOYANKO, JR., as administrator of the Estate of Joseph Goyanko, Sr., Petitioner,
vs.
UNITED COCONUT PLANTERS BANK, MANGO AVENUE BRANCH, Respondent. ------------- Page 69

G.R. No. 159794 December 19, 2006

MACLARING M. LUCMAN, in his capacity as the Manager of the LAND BANK OF THE
PHILIPPINES, Marawi City, petitioner,
vs.
ALIMATAR MALAWI, ABDUL-KHAYER PANGCOGA, SALIMATAR SARIP,
LOMALA CADAR, ALIRIBA S. MACARAMBON and ABDUL USMAN, respondents. ------------ Page 75

G.R. No. 88013 March 19, 1990

SIMEX INTERNATIONAL (MANILA), INCORPORATED, petitioner,

vs.
THE HONORABLE COURT OF APPEALS and TRADERS ROYAL BANK, respondents. -------- Page 82

G.R. No. 127469 January 15, 2004

PHILIPPINE BANKING CORPORATION, petitioner,

vs.
COURT OF APPEALS and LEONILO MARCOS, respondents. ------------------------------------------ Page 87
G.R. No. 88353 May 8, 1992

CENTRAL BANK OF THE PHILIPPINES and HON. JOSE B. FERNANDEZ, petitioners,

vs.
HON. COURT OF APPEALS, RTC JUDGE TEOFILO GUADIZ, JR., PRODUCERS BANK
OF THE PHILIPPINES and PRODUCERS PROPERTIES, INC., respondents. ---------------------- Page 100

G.R. No. 142411 October 14, 2005

WINIFREDA URSAL, Petitioner,

vs.
COURT OF APPEALS, THE RURAL BANK OF LARENA (SIQUIJOR), INC. and
SPOUSES JESUS MONESET and CRISTITA MONESET, Respondents. ----------------------------- Page 122

G.R. No. 171628 June 13, 2011

ARMANDO V. ALANO [Deceased], Substituted by Elena Alano-Torres,* Petitioner,

vs.
PLANTER'S DEVELOPMENT BANK, as Successor-in-Interest of MAUNLAD SAVINGS
and LOAN ASSOCIATION, INC.,*** Respondent. --------------------------------------------------------- Page 132

G.R. No. 158143 September 21, 2011

PHILIPPINE COMMERCIAL INTERNATIONAL BANK, Petitioner,

vs.
ANTONIO B. BALMACEDA and ROLANDO N. RAMOS, Respondents. ----------------------------- Page 137

G.R. No. 147800 November 11, 2003

UNITED COCONUT PLANTERS BANK, Petitioner,

vs.
TEOFILO C. RAMOS, Respondent. ---------------------------------------------------------------------------- Page 149

G.R. No. 118492 August 15, 2001

GREGORIO H. REYES and CONSUELO PUYAT-REYES, petitioners,

vs.
THE HON. COURT OF APPEALS and FAR EAST BANK AND TRUST
COMPANY, respondents. ------------------------------------------------------------------------------------------ Page 159
G.R. No. 171101 July 5, 2011

HACIENDA LUISITA, INCORPORATED, Petitioner,

LUISITA INDUSTRIAL PARK CORPORATION and RIZAL COMMERCIAL BANKING
CORPORATION,Petitioners-in-Intervention,
vs.
PRESIDENTIAL AGRARIAN REFORM COUNCIL; SECRETARY NASSER PANGANDAMAN OF
THE DEPARTMENT OF AGRARIAN REFORM; ALYANSA NG MGA MANGGAGAWANG BUKID
NG HACIENDA LUISITA, RENE GALANG, NOEL MALLARI, and JULIO SUNIGA1 and his
SUPERVISORY GROUP OF THE HACIENDA LUISITA, INC. and WINDSOR
ANDAYA, Respondents. ------------------------------------------------------------------------------------------- Page 165
 Volume II

Commercial Law
(Banking Laws – Cases)

Elsa M. Cañete, CPA, CSP, DBA (Candidate), Juris Doctor

 Table of Contents
G.R. No. 165836 February 18, 2009

PHILIPPINE NATIONAL BANK, Petitioner,

vs.
ADELA SIA and ROBERT NGO, Respondents. --------------------------------------------------------------- Page 01

G.R. No. 168842 August 11, 2010

VICENTE GO, Petitioner,

vs.
METROPOLITAN BANK AND TRUST CO., Respondent. ------------------------------------------------- Page 10

G.R. No. 121413 January 29, 2001

PHILIPPINE COMMERCIAL INTERNATIONAL BANK (formerly INSULAR

BANK OF ASIA AND AMERICA), petitioner,
vs.
COURT OF APPEALS and FORD PHILIPPINES, INC. and
CITIBANK, N.A., respondents. ------------------------------------------------------------------------------------ Page 17

G.R. No. L-37467 December 11, 1933

SAN CARLOS MILLING CO., LTD., plaintiff-appellant,

vs.
BANK OF THE PHILIPPINE ISLANDS and CHINA BANKING CORPORATION, defendants-
appellees. ---------------------------------------------------------------------------------------------------------------- Page 31

G.R. No. 69162 February 21, 1992

BANK OF THE PHILIPPINE ISLANDS, petitioner,

vs.
THE INTERMEDIATE APPELLATE COURT and the SPOUSES ARTHUR CANLAS
and VIVIENE CANLAS, respondents. --------------------------------------------------------------------------- Page 36

G.R. No. 125585 June 8, 2005

HEIRS OF EDUARDO MANLAPAT, represented by GLORIA MANLAPAT-BANAAG and LEON M.

BANAAG, JR., Petitioners,
vs.
HON. COURT OF APPEALS, RURAL BANK OF SAN PASCUAL, INC., and JOSE B. SALAZAR,
CONSUELO CRUZ and ROSALINA CRUZ-BAUTISTA, and the REGISTER OF DEEDS of
Meycauayan, Bulacan,Respondents. ------------------------------------------------------------------------------ Page 40
G.R. No. 142668 August 31, 2004

UNITED COCONUT PLANTERS BANK and LUIS MA. ONGSIAPCO, petitioners,

vs.
RUBEN E. BASCO, respondent. ----------------------------------------------------------------------------------- Page 53

G.R. No. 159748 July 31, 2007

SPOUSES VIRGILIO AND DIGNA ANASTACIO-CALINA, Petitioners,

vs.
DEVELOPMENT BANK OF THE PHILIPPINES, Respondent. ------------------------------------------ Page 66

G.R. No. 156940 December 14, 2004

ASSOCIATED BANK (Now WESTMONT BANK), petitioner,

vs.
VICENTE HENRY TAN, respondent. ---------------------------------------------------------------------------- Page 74

G.R. No. 158674 October 17, 2005

LAPRECIOSISIMA CAGUNGUN, REMEDIOS L. CAGUNGUN, JESUS L. CAGUNGUN, VICENTE

L. CAGUNGUN, JR., RICARDO L. CAGUNGUN, EDUARDO L. CAGUNGUN, ROWENA L.
CAGUNGUN, ALVIN L. CAGUNGUN and ALMA L. CAGUNGUN, Petitioners,
vs.
PLANTERS DEVELOPMENT BANK, Respondent. --------------------------------------------------------- Page 82

G.R. No. 108957 June 14, 1993

PRUDENTIAL BANK, petitioner,

vs.
THE COURT OF APPEALS, AURORA CRUZ, respondents. ---------------------------------------------- Page 91

G.R. No. 138544 October 3, 2000

SECURITY BANK AND TRUST COMPANY, Inc., petitioner,

vs.
RODOLFO M. CUENCA, respondent. --------------------------------------------------------------------------- Page 96
G.R. No. 90027 March 3, 1993

CA AGRO-INDUSTRIAL DEVELOPMENT CORP., petitioner,

vs.
THE HONORABLE COURT OF APPEALS and SECURITY BANK AND TRUST
COMPANY, respondents. ------------------------------------------------------------------------------------------ Page 110

G.R. No. 128567 September 1, 2000

HUERTA ALBA RESORT INC., petitioner,

vs.
COURT OF APPEALS and SYNDICATED MANAGEMENT GROUP INC., respondents. ------- Page 117

G.R. No. 134068 December 25, 2001

UNION BANK OF THE PHILIPPINES, petitioner,

vs.
COURT OF APPEALS, APOLONIA DE JESUS GREGORIO, LUCIANA DE JESUS GREGORIO,
GONZALO VINCOY, married to TRINIDAD GREGORIO VINCOY, respondents. --------------- Page 131

G.R. No. 141974 August 9, 2004

BPI FAMILY SAVINGS BANK, INC., petitioner,

vs.
SPS. JANUARIO ANTONIO VELOSO AND NATIVIDAD VELOSO, respondents. ---------------- Page 135

G.R. No. 171354 March 7, 2007

MARYLOU B. TOLENTINO, M.D., Petitioner,

vs.
COURT OF APPEALS and CITYTRUST BANKING CORPORATION, Respondents. ------------ Page 139

G.R. No. 123817 December 17, 1999

IBAAN RURAL BANK INC., petitioner,

vs.
THE COURT OF APPEALS and MR. and MRS. RAMON TARNATE, respondents. -------------- Page 147
G.R. No. 168088 April 3, 2007

SAN FERNANDO RURAL BANK, INC., Petitioner

vs.
PAMPANGA OMNIBUS DEVELOPMENT CORPORATION and DOMINIC G.
AQUINO, Respondents. -------------------------------------------------------------------------------------------- Page 151

G.R. No. 130088 April 7, 2009

TALA REALTY SERVICES CORPORATION, ADD INTERNATIONAL SERVICES, INC., PEDRO

AGUIRRE, REMEDIOS DUPASQUIER, ELIZABETH PALMA, PILAR ONGKING, DOLLY LIM,
and RUBENCITO DEL MUNDO, Petitioners,
vs.
THE HON. COURT OF APPEALS and BANCO FILIPINO SAVINGS AND MORTGAGE
BANK, Respondents. ------------------------------------------------------------------------------------------------ Page 163

G.R. No. 95326 March 11, 1999

ROMEO P. BUSUEGO, CATALINO F. BANEZ and RENATO F. LIM, petitioners,

vs.
THE HONORABLE COURT OF APPEALS and THE MONETARY BOARD OF THE CENTRAL
BANK OF THE PHILIPPINES, respondents. ----------------------------------------------------------------- Page 174

G.R. No. 70054 December 11, 1991

BANCO FILIPINO SAVINGS AND MORTGAGE BANK, petitioner,

vs.
THE MONETARY BOARD, CENTRAL BANK OF THE PHILIPPINES, JOSE B.
FERNANDEZ, CARLOTA P. VALENZUELA, ARNULFO B. AURELLANO
and RAMON V. TIAOQUI, respondents. ---------------------------------------------------------------------- Page 182

G.R. No. 118069 November 16, 1998

PRODUCERS BANK OF THE PHILIPPINES, (now First Philippine International Bank), petitioner,
vs.
NATIONAL LABOR RELATIONS COMMISSION and PRODUCERS BANK EMPLOYEES
ASSOCIATION, respondents. ------------------------------------------------------------------------------------ Page 232

G.R. No. 76118 March 30, 1993

THE CENTRAL BANK OF THE PHILIPPINES and RAMON V. TIAOQUI, petitioners,

vs.
COURT OF APPEALS and TRIUMPH SAVINGS BANK, respondents. ------------------------------- Page 235
[G.R. No. 148163. December 6, 2004]

BANCO FILIPINO SAVINGS AND MORTGAGE BANK, petitioner,

vs.
JUANITA B. YBAEZ, CHARLES B. YBAEZ, JOSEPH B. YBAEZ and JEROME B.
YBAEZ, respondents. ----------------------------------------------------------------------------------------------- Page 242

G.R. No. L-56168 December 22, 1988

CARLOTA P. VALENZUELA, in her capacity as Superintendent of Banks and Authorized

Representative of the CENTRAL BANK OF THE PHILIPPINES in the Liquidation of the RURAL
BANK OF LUCENA, INC., petitioner,
vs.
HONORABLE COURT OF APPEALS, et.al., respondents. ----------------------------------------------- Page 246

G.R. No. L-44932 April 15, 1988

JOSE CARANDANG and BENITA CARANDANG, petitioners,

vs.
COURT OF APPEALS, RURAL BANK OF LUCENA, INC., APRONIANO MLS. MAGSINO,
CENTRAL BANK OF THE PHILIPPINES, HONESTO O. FRANCISCO, and CARLOTA P.
VALENZUEIA, respondents. ------------------------------------------------------------------------------------- Page 251

G.R. No. 182403 March 9, 2010

ATTY. RESTITUTO G. CUDIAMAT, ERLINDA P. CUDIAMAT1 and CORAZON D.

CUDIAMAT, Petitioners,
vs.
BATANGAS SAVINGS AND LOAN BANK, INC., and THE REGISTER OF DEEDS,
NASUGBU, BATANGAS, Respondents. ------------------------------------------------------------------------ Page 256

G.R. No. L-29791 January 10, 1978

FRANCISCO S. HERNANDEZ and JOSEFA U. ATIENZA, plaintiffs-appellees,

vs.
RURAL BANK OF LUCENA, INC., CENTRAL BANK OF THE PHILIPPINES,
et.al., defendants-appellants. --------------------------------------------------------------------------------------- Page 259

G.R. No. 156761 October 17, 2006

LADY LYDIA CORNISTA-DOMINGO, et.al., petitioners,

vs.
NATIONAL LABOR RELATIONS COMMISSION, et.al., respondents. ------------------------------- Page 268
G.R. No. 114870 May 26, 1995

MIGUELA R. VILLANUEVA, RICHARD R. VILLANUEVA, and MERCEDITA VILLANUEVA-

TIRADOS, petitioners,
vs.
COURT OF APPEALS, CENTRAL BANK OF THE PHILIPPINES, ILDEFONSO C. ONG,
and PHILIPPINE VETERANS BANK, respondents. -------------------------------------------------------- Page 279

G.R. No. 73884 September 24, 1987

SPOUSES ROMEO LIPANA and MILAGROS LIPANA, petitioners,

vs.
DEVELOPMENT BANK OF RIZAL, respondent. ---------------------------------------------------------- Page 286

G.R. No. L-43682 March 31, 1938

In Re Liquidation of Mercantile Bank of China.

TAN TIONG TICK, claimant-appellant,
vs.
AMERICAN APOTHECARIES CO., ET AL., claimants-appellees. ------------------------------------- Page 290

G.R. No. 97218 May 17, 1993

PROVIDENT SAVINGS BANK, petitioner,

vs.
COURT OF APPEALS, Former SPECIAL EIGHTH DIVISION and
WILSON CHUA, respondents. ------------------------------------------------------------------------------------ Page 300