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LBP v Onate
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Dario Nacar vs Assoc. Bank v. Tan YHT VS CA RP v. City of

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Land Bank of the Philippines vs Emmanuel Onate
GR No. 192371
@anua!" 1#$ 2%1&
Sheet Music

'a(ts)
Snapshots
LBP is a government fnancial institution created under RA 3844. From 1978 to 1980@
!nate o"ened and maintained seven #7$ %rust Accounts &it' LBP@ eac' &as covered &it' an
Documents (nvestment )anagement Account #()A$ &it' *ull discretion@ and !nate a""ointed LBP as 'is
agent &it' *ull "o&ers to 'old@ invest@ and reinvest t'e *und.

!n !cto+er 8@ 1981@ LBP claims a miscredit o* P4) to , o* !nate-s %rust Account@ *or as
claimed +N LBP t'e c'ec/s de"osited to t'ese accounts &ere issued to LBP +N t'eir 4 cor"orate
+orro&ers@ &'o "reterminated t'eir loans. Puc' c'ec/s &ere de"osited allegedlN +N Polonio
#!nate-s Re"resentative$ to !nate-s %rust Account@ and &ere later &it'dra&n +N 'im.

!nate re*used to return suc' *unds a*ter LBP 'as demanded it *rom 'im. A meeting
&as 'eld No settle suc' matter@ +ut 'as *ailed to reac' an agreement. %'e issue o*
miscrediting remained unsettled@ and on Qune 21@ 1991@ LBP unilaterallN setSoT t'e outstanding
+alance in all o* !nate-s Accounts@ de+iting onlN P1@,28@,38.48.

LBP fled a com"laint *or Pum o* )oneN see/ing to recover P8@222@587.89 "lus legal
interest "er annum. !nate in 'is ans&er@ asserted t'at t'e setSoT &as &it'out legal and
*actual +asis. !nate *urt'er asserted "resence o* undocumented &it'dra&als and suc' are
unaut'ori6ed transactions *rom 'is accounts and must +e credited +ac/ to 'im.

W"on !nate-s motion@ t'e R%X ordered to create a Board to eYamine t'e records o*
!nate-s 7 trust accounts. %'e Board su+mitted re"orts o* &it'dra&als &it'out &it'dra&al sli"s
*rom !nate-s account. LBP did not fle anN comment or o+:ection to t'e Boards consolidated
re"ort.

R%X RWL(;<=

%'e R%X dismissed LBP-s com"laint *or *ailure to esta+lis' t'at P4) &as allegedlN
miscredited to !nate-s accounts@ and ordered to restore t'e P1.,) setSoT amount to !nate-s
account !n !nate-s counterclaim@ R%X rules t'at under t'e ()A-s@ LBP 'ad aut'oritN to
&it'dra& even &it'out &it'dra&al sli"s *rom !nate-s account.

)otion *or reconsideration +N LBP &as denied. Bot' "arties a""ealed to t'e XA.

XA RWL(;<=

XA denied LBP-s a""eal and granted !nate-s. XA a>rmed R%X ruling and agreed t'at
!nate is entitled to t'e unaccounted &it'dra&als &'ic' &as re"orted +N t'e Board &'ic' &as
P50) and ?3). %'e XA anc'ored on t'e +an/-s *ailure to give *ull disclosure o* t'e services
rendered and s'ould conduct its dealings &it' trans"arencN@ as mandated in Bang/o Pentral
ng Pili"inas )anual o* Regulation *or Ban/s #)!RB$.

LBP fled *or a )otion *or Reconsideration@ XA denied@ 'ence LBP fled t'is Petition *or
Revie& on Xertiorari.

*ssues)

1. @!; t'e entries in t'e "ass+oo/ issued +N LBP are su+:ected to meet t'e Rule on
Presum"tion o* RegularitN o* entries in t'e course o* +usinessa

2. @!; !nate is entitled to claim P1.,) not "leaded in 'is counterclaima

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3. @!; !nate is entitled to a&ards o* P50) and ?3) alleged as undocumented

&it'dra&alsa

Rulin+)

Petition is denied. %'e issues raised are *actual and do not involve buestions o* la&.
%'e R%X alreadN created a Board to assist in determining t'e res"ective cas' inCo&s and
outCo&s o* said accounts@ &'ic' t'e "arties agreed to su+mit t'e case +ased on said re"orts.

LBP *ailed to "rove t'at t'e Dmiscredited- *unds came *rom "roceeds o* t'e "reS
terminated loans o* cor"orate +orro&ers. LBP argument t'at t'e entries in t'e "ass+oo/ &ere
made in t'e regular course o* +usiness and s'ould +e acce"ted as "rima *acie evidence o*
*acts is bualifed as 'earsaN@ and t'eN s'ould esta+lis' t'e eYce"tions o* t'e 'earsaN rule@
&'ic' are=

1. Person &'o made entries is dead@ outside o* t'e countrN@ or una+le to testi*NE
3. @!; !nate is entitled to a&ards o* P50) and ?3) alleged as undocumented
2. fntries &ere made at or near t'e time o* t'e transaction to &'ic' t'eN re*erE
&it'dra&alsa

3. fntrant &as in a "osition to /no& t'e *acts stated t'ereinE

Rulin+)4. fntries &ere made in t'e "ro*essional ca"acitN or in t'e course o* dutN o* t'e
entrantE and@
Petition is denied. %'e issues raised are *actual and do not involve buestions o* la&.
%'e R%X,.alreadN
fntriescreated
&ere made in t'e
a Board toorassist
dinarN in
course o* +usi
determin ingness
t'e or dutN. e cas' inCo&s and
res"ectiv
outCo&s o* said accounts@ &'ic' t'e "arties agreed to su+mit t'e case +ased on said re"orts.

*ailedt'eN
to are alreadN
"rove
You're
t'at dead
Reading
or una+le
t'e Dmiscr edited-
a Preview
LBP 'as neit'er identifed t'e "ersons &'o made t'e entries in t'e "ass+oo/s nor
esta+lis'ed
LBP t'at to testi*N as rebuired
*unds came *rom +N Pection
"roceed 43t'e
s o* or Rule
"reS
130 o* t'e RX.
terminated loans o* cor"orate +orro&ers. LBP argument t'at t'e entries in t'e "ass+oo/ &ere
Become a Scribd member for full access. Your
made in t'e regular course o* +usiness and s'ould +e acce"ted as "rima *acie evidence o*
*acts is LBP *ailedas
bualifed to 'earsaN@
"rove t'at andt'e firsts'ould
amount
t'eN 30 days are free.
allegedlN Dmiscredited-
esta+lis' to !nate-s
t'e eYce"tions o* t'e account
'earsaN came
rule@
*rom
&'ic't'eare="roceeds o* t'e "reSterminated loans o* its clients. (t is &ort' em"'asi6ing t'at in
civil cases@ t'e "artN ma/ing allegations 'as t'e +urden o* "roving t'em +N "re"onderance o*
evidence. 1. )ere allegations
Person &'o mad isenot Continue
su>cient.
entries Reading
is dead with
@ outside TrialcountrN@ or una+le to testi*NE
o* t'e

Gecisions
2. fntrieso*&er
t'ee XA is a>rmed.
made at or near t'e time o* t'e transaction to &'ic' t'eN re*erE

3. fntrant &as in a "osition to /no& t'e *acts stated t'ereinE

4. fntries &ere made in t'e "ro*essional ca"acitN or in t'e course o* dutN o* t'e
entrantE and@

,. fntries &ere made in t'e ordinarN course o* +usiness or dutN.

LBP 'as neit'er identifed t'e "ersons &'o made t'e entries in t'e "ass+oo/s nor
esta+lis'ed t'at t'eN are alreadN dead or una+le to testi*N as rebuired +N Pection 43 or Rule
130 o* t'e RX.

LBP *ailed to "rove t'at t'e amount allegedlN Dmiscredited- to !nate-s account came
*rom t'e "roceeds o* t'e "reSterminated loans o* its clients. (t is &ort' em"'asi6ing t'at in
civil cases@ t'e "artN ma/ing allegations 'as t'e +urden o* "roving t'em +N "re"onderance o*
evidence. )ere allegations is not su>cient.

Gecisions o* t'e XA is a>rmed.

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