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extinguishment of obligations compensation
Law School Notes•Obligation and Contracts

Citibank vs. Sabeniano

Law School Notes - Case Digest
May 16, 2021 by RedTint No Comments

G.R. No 156132. October 12, 2006

MAIN TOPIC – Extinguishment of Obligations – Compensation

FACTS

Modesta R. Sabeniano was a client of both petitioners Citibank and FNCB Finance. Unfortunately, the business relations among the parties subsequently went awry. In 1985, Sabeniano filed a civil case for “Accounting, Sum of Money and Damages”, alleging that petitioners refused to return her deposits and the proceeds of her money market placements despite her repeated demands. Petitioners admitted that respondent had deposits and money market placements with them, including dollar accounts. However, they also alleged that the respondent obtained several loans aggregating to ₱1,920,000.00, for which she executed Promissory Notes and secured by a pledge on her dollar accounts and money market placements. That despite of the repeated demands, respondent failed to pay her outstanding loans. Thus, petitioner Citibank used respondent’s deposits and money market placements to off set and liquidate her outstanding obligations. RTC declared this illegal, null and void and to pay Sabeniano with legal interest, while Sabeniano was ordered to pay her loans.

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Law School Notes•Obligation and Contracts

Bañez vs. Court of Appeals

Law School Notes - Case Digest
by RedTint No Comments

No. L-30351. September 11,1974.

MAIN TOPIC – Extinguishment of Obligations – Compensation

FACTS

In 1956 respondent Pio Arcilla occupied a parcel of land, located in East Avenue Subdivision,  Diliman, Quezon City, owned by the People’s Homesite and Housing Corporation (hereinafter  referred to as PHHC). He fenced the lot with wire, and erected a house and made some  plantings thereon. His moves to apply for the acquisition of the lot from the PHHC when the  same became available for disposition came to naught because the employees of the PHHC  whose help he sought merely regaled him with promises that the matter would be attended to. 

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algef.almocera

Sundate. #bagofbeans Sundate.
#bagofbeans
Uwian na. Uwian na.
Thank you for all the blessings. Thank you for all the blessings.
Thank you so much for all the greetings! Di na ako Thank you so much for all the greetings! Di na ako makakareply sa inyong lahat sa dami nyo but know that it’s much appreciated! 🥰
Home. Home.
#beachplease #laoagbeach #beachplease #laoagbeach
Mr. Krabs. #mrkrabs #spongebob Mr. Krabs.

#mrkrabs #spongebob
Mag-lola #lola #paoaychurch Mag-lola #lola #paoaychurch
#paoaychurch #philippines #morefuninph #paoaychurch #philippines #morefuninph
After almost 2yrs of the pandemic. Starting again After almost 2yrs of the pandemic. Starting again from scratch.

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