Title
Premiere Development Bank vs. Spouses Engracio T. CastaAeda and Lourdes E. CastaAeda
Case
G.R. No. 185110
Decision Date
Aug 19, 2024
The case involves Premiere Development Bank's refusal to apply a PHP 2.6 million check payment by spouses CastaAeda to their personal loan, instead applying it to corporate loans, which the Supreme Court ruled was incorrect. PDB was found to have acted in bad faith, resulting in awards for damages to the spouses.
Very Long 38 min

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