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JurisprudenceG.R. No. 138510 -

G.R. No. 138510 - TRADERS ROYAL BANK, VS. RADIO PHILIPPINES NETWORK, INC., INTERCONTINENTAL BROADCASTING CORPORATION AND BANAHAW BROADCASTING CORPORATION, THROUGH THE BOARD OF ADMINISTRATORS, AND SECURITY BANK AND TRUST COMPANY.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 25RA 309RA 96RA 643
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TL;DR — Ruling

WHEREFORE, the appealed decision is AFFIRMED with modification in the sense that appellant SBTC is hereby absolved from any liability. Appellant TRB is solely liable to the appellees for the damages and costs of suit specified in the dispositive portion of the appealed decision. Costs against appellant TRB. SO ORDERED.

Decision

Ruling

WHEREFORE, the appealed decision is AFFIRMED with modification in the sense that appellant SBTC is hereby absolved from any liability. Appellant TRB is solely liable to the appellees for the damages and costs of suit specified in the dispositive portion of the appealed decision. Costs against appellant TRB. SO ORDERED.

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