Title
Sycip vs. Court of Appeals
Case
G.R. No. L-38711
Decision Date
Jan 31, 1985
The Supreme Court upholds Francisco Sycip's estafa conviction for failing to deliver entrusted shares' proceeds, citing evidence of malice.
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Case Digest (G.R. No. L-38711)

Facts:

  • Francisco Sycip is the petitioner against the Honorable Court of Appeals and the People of the Philippines.
  • On August 25, 1970, the Court of First Instance of Manila convicted Sycip of estafa.
  • He received an indeterminate penalty of three months of arresto mayor as minimum to one year and eight months of prision correccional as maximum.
  • Sycip was ordered to indemnify complainant Jose K. Lapuz P5,000.00, with subsidiary imprisonment in case of insolvency, and to pay costs.
  • The Court of Appeals affirmed the trial court's decision but removed the subsidiary imprisonment clause.
  • In April 1961, Lapuz received 2,000 shares of stock from Albert Smith, covered by a certificate in the name of Dwight Dill.
  • Lapuz was to sell the shares at market value and receive a commission.
  • Sycip claimed he could sell the shares at a favorable price and sold 758 shares for P12,128.00 but failed to deliver the proceeds.
  • This led to dishonored checks and Lapuz filing a complaint for estafa against Sycip.
  • The case reached the Supreme Court on a petition for review on certiorari, with Sycip raising several issues.

Issue:

  • (Unlock)

Ruling:

  • The Court ruled that the Court of Appeals did not err in denying the petitioner a hearing.
  • The Court found that the petitioner was not denied due process of law.
  • The Court held that the provisions on compensation under the Civil Code were not applicable in this case.
  • The Court ruled that the complaint should not have been dismissed as Lapuz was the legally aggrieved party.
  • The Court determined that the issu...(Unlock)

Ratio:

  • The Supreme Court reasoned that the petitioner had ample opportunity to present his case during the trial, and the appellate court's procedures did not violate his right to due process.
  • The right to be heard does ...continue reading

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