Pinoy Law Student Buddy

National Commercial Bank of Saudi Arabia vs. Court of Appeals and Philippine Banking Corporation G.R. No. 124267, January 17, 2005 Facts: In its 2003 decision, the Supreme Court set aside the decision of the Court of Appeals and declared respondent Philippine Banking Corporation’s motion for reconsideration of the Regional Trial Court’s decision as pro forma due to lack of notice and hearing. Philippine Banking Corporation filed a motion for reconsideration of the said decision, and the Supreme Court by resolution gave due course to the motion, and since the subject controversy between Philippine Banking Corporation and petitioner National Bank of Saudi Arabia had long been pending in the courts for more than nineteen years, the Court ordered the trial court and the Court of Appeals to elevate all the records of the case so that a final resolution thereon could be rendered by the Supreme Court. After the parties have filed their respective memoranda, they decided to end the...

Stronghold Insurance Company Inc. v. Spouses Rune and Lea Stroem G.R. No. 204869, [January 21, 2015] Facts: Spouses Stroem entered an Owners-Contractor Agreement with Asis-Leif & Company, Inc. (ALCI) represented by Cynthia Asis-Leif for the construction of a two-storey house on their lot. ALCI secured a performance bond in the amount of P4.5M from Stronghold Insurance Company (SIC) whereby the latter and ALCI bound themselves solidarily to pay the Stroem spouses the agreed amount in the event the construction is not completed. ALCI failed to finish the project on time despite repeated demands and the Spouses Stroem rescinded the agreement and hired an independent appraiser to evaluate the progress of the construction project. They later filed a complaint for breach of contract with damages against ALCI and SIC. Only SIC was served with summons. The RTC ruled in favor of the Spouses Stroem and ordered SIC to pay damages. SIC argued that the RTC should have dismissed th...

Dr. Jose and Aida Yason vs. Faustino Arciaga, et al. G.R. No. 145017, January 28, 2005 Facts: Spouses Arciaga were owners of a parcel of land in Muntinlupa City covered by TCT of the Registry of Deeds of Makati City. On March 28, 1983, they executed a Deed of Conditional Sale whereby they sold the lot to spouses Dr. Jose and Aida Yason, petitioners. On April 19, 1983, upon payment of the balance, spouses Arciaga executed a Deed of Absolute Sale. That day,  Claudia Arciaga died. Later in 1989, respondent’s children filed with the RTC a complaint for annulment of the land titles against the petitioners. Respondents alleged inter alia  that the Deed of Absolute Sale is void ab initio considering that Claudia did not give her consent to the sale as she was then seriously ill, weak and unable to talk. On October 29, 1995, the trial court rendered a Decision dismissing respondents’ complaint and sustaining the validity of the Deed of Conditional Sale and the Deed of Abs...