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JurisprudenceG.R. No. 174632 -

FELICIDAD T. MARTIN, MELISSA M. ISIDRO, GRACE M. DAVID, CAROLINE M. GARCIA, VICTORIA M. ROLDAN, AND BENJAMIN T. MARTIN, JR., VS. DBS BANK PHILIPPINES, INC. (FORMERLY KNOWN AS BANK OF SOUTHEAST ASIA) NOW MERGED WITH AND INTO BPI FAMILY BANK.

Cited Laws

RA 542,RA 618RA 570,
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TL;DR — Ruling

WHEREFORE , the Court DENIES the petition and AFFIRMS with MODIFICATION the April 26, 2006 decision of the Court of Appeals in CA-G.R. CV 76210 in that Felicidad T. Martin, Melissa M.

Decision

Ruling

WHEREFORE , the Court DENIES the petition and AFFIRMS with MODIFICATION the April 26, 2006 decision of the Court of Appeals in CA-G.R. CV 76210 in that Felicidad T. Martin, Melissa M. Isidro, Grace M. David, Caroline M. Garcia, Victoria M. Roldan, and Benjamin T. Martin, Jr. are ORDERED to return the full deposit of P1,200,000.00 to DBS Bank Philippines, Inc. (formerly known as Bank of Southeast Asia, now merged with and into BPI Family Bank) with interest of 12% per annum to be computed from the finality of this decision until the amount is fully paid. SO ORDERED.