Title
Supreme Court
Security Pacific Assurance Corp. vs. Tria-Infante
Case
G.R. No. 144740
Decision Date
Aug 31, 2005
A surety’s liability on a counter-bond is absolute; attachment discharged upon posting, affirmed by Supreme Court despite technical objections.

Case Summary (G.R. No. 144740)

Factual Background

Reynaldo Anzures filed a criminal complaint against Teresita Villaluz for violation of Batas Pambansa Blg. 22. The case was docketed before the RTC Manila Branch 9. An ex-parte motion for preliminary attachment was granted, leading to the posting of an attachment bond by Anzures and the eventual attachment of Villaluz's properties. Subsequently, Villaluz was acquitted criminally but held civilly liable to pay Anzures ₱2,123,400 plus attorney’s fees and costs. The Court of Appeals affirmed the civil liability, and the case was appealed to the Supreme Court.

Posting of Counter-Bond and Discharge of Attachment

During the pendency of the Supreme Court appeal, Villaluz posted a counter-attachment bond amounting to ₱2,500,000, issued by Security Pacific Assurance Corporation (the petitioner). Villaluz also filed a motion for discharge of attachment based on this bond. The Supreme Court, in its decision, affirmed the Court of Appeals ruling on civil liability and recognized that the counter-bond was posted during the appeal process.

Enforcement of Judgment and Execution Proceedings

Following the finality of the Supreme Court judgment, execution was initiated. The sheriff attempted to serve writs on Villaluz but could not locate her residence. Consequently, the sheriff directed garnishment proceedings toward the petitioner based on the counter-bond posted. The petitioner refused to honor the bond claiming it was not approved by the Supreme Court and that no court order discharged the attachment, thus denying liability.

Trial Court and Court of Appeals Rulings

The RTC, under Judge Amelia Tria-Infante, issued an order allowing execution on the counter-bond, which the petitioner challenged before the Court of Appeals through a petition for certiorari. The Court of Appeals found no grave abuse of discretion in the RTC's order and dismissed the petition. The petitioner’s motion for reconsideration was likewise denied.

Issues Presented

  1. Whether the Court of Appeals erred in affirming the order allowing execution on the counter-bond.
  2. Whether the attachment on Villaluz’s property was discharged without court approval of the counter-bond.
  3. Whether the attachment was discharged by the mere filing of the counter-bond.

Petitioner’s Argument

The petitioner asserted that the writ of attachment was never discharged since there was no formal court order approving the counter-bond or discharging the attachment. Thus, it contended that its liability under the bond had not yet matured. Moreover, petitioner argued that the suretyship contract merely waived the right of excussion and did not make it directly liable to private respondents outside the principal obligation of Villaluz.

Private Respondents’ Argument

The private respondents contended that the mere filing of the counter-bond itself ipso facto discharged the attachment, making petitioner liable for any adverse judgment. They argued that by accepting the premium and issuing the bond, petitioner entered into a surety contract guaranteeing payment of any judgment against Villaluz.

Supreme Court’s Analysis on Suretyship and Liability

The Court ruled that the counter-bond posted by Villaluz, secured by petitioner, was a suretyship contract wherein the surety (petitioner) was solidarily bound with the principal obligor (Villaluz). The nature of suretyship entails that the surety’s obligation is secondary but direct, primary, and absolute with respect to the creditor, and the surety becomes liable for the debtor’s obligation without needing to first exhaust the debtor’s assets under the right of excussion.

Legal Basis for Discharge of Attachment by Counter-Bond

Section 12, Rule 57 of the 1997 Rules of Civil Procedure stipulates two ways to discharge attachment: (1) posting security by the affected party or person appearing on their behalf, or (2) showing the writ of attachment was improperly issued. The Court clarified that the posting of a sufficient counter-bond, which in this case was duly filed and accepted, effectually discharged the attachment. The Court highlighted that the Supreme Court, in prior resolutions during the pendency of the appeal, permitted the filing of the counter-bond and treated it as effective for the discharge of attachment without requiring a separate order on discharge.

Precedential Citations on Counter-Bonds and Suretyship

The Court reaffirmed past decisions (e.g., Tijam v. Sibonghanoy, Vanguard Assurance Corp. v. Court of Appeals, Imperial Insurance, Inc. v. De Los Angeles, and Philippine British Assurance Co., Inc. v. Intermediate Appellate Court) which declare that:

  • Liability on counter-bonds attaches automatically once judgment against the principal obligor becomes executory and unsatisfied.
  • Counter-bonds serve as replacements for attached properties and secure payment of any judgment the attaching party may recover.
  • The surety’s obligation is solidary and may be enforced immediately, without the necessity of first exhausting all remedies against the principal debtor.

Rejection of Petitioner’s Claims

The Court rejected the petitioner’s claim that the bond’s liability was conditional upon a court’s approval for discharge of attachment. It held that the approved counter-bond filed during the appeal process satisfied the lawful requisites for discharge

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