Title
Tankeh vs. Development Bank of the Philippines
Case
G.R. No. 171428
Decision Date
Nov 11, 2013
Petitioner Alejandro V. Tankeh sought reversal of CA’s decision, alleging fraud by Ruperto V. Tankeh in a loan agreement with DBP. SC found incidental fraud, awarded moral/exemplary damages, but upheld petitioner’s liability under the promissory note.

Case Digest (G.R. No. L-7969)
Expanded Legal Reasoning Model

Facts:

  • Loan and Mortgage Transactions
    • In 1981, Ruperto V. Tankeh (president of Sterling Shipping Lines, Inc. or SSLI) applied for a US$3.5 million loan from Development Bank of the Philippines (DBP) to finance purchase of an ocean‐going vessel (M/V Golden Lilac, later M/V Sterling Ace).
    • Conditions imposed by DBP:
      • First mortgage over the vessel.
      • Joint and several liability of Ruperto, his brother Alejandro V. Tankeh (petitioner), Jose Marie Vargas, SSLI and Vicente Arenas for the loan.
      • Assignment of future earnings and charter proceeds of the vessel to DBP.
      • Assignment of at least 67% of SSLI’s voting shares to DBP as long as the loan existed.
  • Petitioner’s Involvement
    • Alejandro was told by Ruperto in 1980 that he would receive 1,000 shares (₱1 million) in SSLI and serve as director and vice‐president.
    • On May 12, 1981, Alejandro signed an Assignment of Shares; in December 1981 he signed the promissory note last among the signatories.
    • Alejandro later claimed he never invested capital nor participated in SSLI affairs and was introduced only once to DBP‐nominated directors.
    • On June 15, 1983, Alejandro wrote Ruperto severing ties and requested release from all liabilities and notice to DBP.
  • Sale of Vessel and Subsequent Events
    • On January 29, 1987, DBP sold the M/V Sterling Ace in Singapore for US$350,000; resale price was double the next day.
    • Alejandro protested the sale as irregular and continued bound by the promissory note.
    • Alejandro filed multiple complaints (1987–1991) seeking annulment of the note and mortgage, alleging Ruperto’s fraud and DBP’s negligence; impleaded SSLI, Arenas, DBP, and Asset Privatization Trust (APT, later Privatization and Management Office).
  • Judicial Proceedings
    • RTC Manila (Jan 4, 1996) annulled the promissory note and mortgage “insofar as” they bound Alejandro, finding causal fraud by Ruperto, and denied all counterclaims and damage claims.
    • CA Third Division (Oct 25, 2005) reversed: held no fraud proved against Ruperto or any other respondent; dismissed Alejandro’s complaints. Reconsideration denied (Feb 9, 2006).
    • Alejandro filed a Rule 45 Petition for Review on Certiorari (received March 20, 2006) before the Supreme Court.

Issues:

  • Procedural Issue
    • Whether Alejandro’s remedy is by Rule 45 Petition for Review or by Rule 65 Certiorari.
  • Substantive Issues
    • Whether Ruperto V. Tankeh committed fraud (“dolo causante” or “dolo incidente”) inducing Alejandro to sign the promissory note.
    • Whether fraud existed against DBP, SSLI, Arenas, or APT.
    • Whether the CA erred in disregarding the RTC’s findings of fact.
    • Whether Alejandro is entitled to moral and attorney’s or exemplary damages.

Ruling:

  • (Subscriber-Only)

Ratio:

  • (Subscriber-Only)

Doctrine:

  • (Subscriber-Only)

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