Title
Manufacturer's Bank and Trust Co. vs. Diversified Industries, Inc.
Case
G.R. No. L-33695
Decision Date
May 15, 1989
A bank sued respondents for unpaid loan; court upheld judgment on pleadings, joint liability, and 10% interest rate.

Case Summary (G.R. No. L-33695)

Nature of the Case and Facts

Manufacturers Bank filed a complaint against Diversified Industries and Alfonso Tan for the recovery of a monetary obligation. The complaint, lodged with the Court of First Instance of Manila, alleged that the defendants obtained a loan of P125,000.00, which became due on February 26, 1965, but remained unpaid, resulting in an outstanding balance of P100,119.21 as of June 25, 1965. The complaint also sought attorney’s fees equivalent to 10% of the total amount due.

Defendants' Response

In their answer, the defendants admitted certain allegations regarding their identities and the existence of the loan agreement but denied the claims concerning the loan's due date and outstanding balance due to lack of sufficient knowledge. The defendants contended that they could not be held liable as the amounts drawn against the overdraft account were unknown to them.

Motion for Judgment on the Pleadings

Manufacturers Bank subsequently moved for a judgment on the pleadings, emphasizing the uncontroverted facts established in the defendants’ admissions and the loan agreement's clear provisions obligating them to pay the amounts due. The defendants opposed this motion while asserting they were unaware of the amounts claimed and requested to amend their answer to include additional defenses.

Court's Denial of Amendments

The trial court denied the defendants' motion to amend their answer and ruled in favor of Manufacturers Bank, asserting that the original answer did not raise any issues of fact. The court held that the defendants’ denials were insufficient and did not negate their admissions regarding the obligations under the agreement.

Appeal and Grounds for Reconsideration

In the appeal, Manufacturers Bank argued that the trial court erred in not specifying the joint and several liabilities of Diversified Industries and Tan, and in limiting the interest owed to the legal rate rather than the agreed 10%. Meanwhile, the defendants claimed malpractice regarding the amendment of their answer, failure to state a cause of action, and the granting of judgment based on the pleadings.

Court's Rationale in Affirming Judgment

The court upheld the trial court's decision, indicating that the amendment of the defendants’ answer was not a matter of right but rather subject to the court's discretion. It found that the defendants had not provided sufficient justification for their two-year delay in seeking to amend their pleading, and they failed to demon

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