Republic of the Philippines

National Capital Judicial Region

Regional Trial Court
Branch 40, QUEZON CITY

LORNA TANADA,
Plaintiff,

-versus- Civil Case No. 890234

For: Breach of Contract

BANK OF THE PHILIPPINE ISLANDS

Defendant,

x------------------------------------------------------------x

ANSWER

COMES NOW the Defendant, Bank of the Philippine Islands through

the undersigned counsel, and unto this Honorable Court, most
respectfully states that ---

1. Defendant Bank received Summons from this Honorable Court on

November 2, 1985 requiring the bank to submit his responsive pleading
within ten (10) days from receipt thereof or until November 12, 1985. In as
much as the last day of filing falls on a Saturday, defendant have until the next
working day or until November 14, 1985 within which to file the same; hence,
this Answer;

2. Defendant Bank admits the allegations in paragraphs 1 and 2 of

the Complaint, the same being mere averments of the personal circumstances
of the parties;

3. Defendant Bank admits the allegations in paragraph 3 of the

Complaint, the same being stipulated in the contract;

4. Defendant Bank admits the allegations in paragraph 4 of the

Complaint in so far as the existence of such stipulations in the contract is
concerned but specifically denies the due execution thereof and all allegations
therein, the truth of the matter being those hereinafter averred in the special
and affirmative defenses;

5. Defendant Bank admits the allegations in paragraph 5 of the

Complaint, the truth of the matter being those hereinafter averred in the
special and affirmative defenses;

6. Defendant Bank admits the allegations in paragraph 6 of the

Complaint in so far as the existence of the delay but specifically denies the due
execution thereof and all allegations therein, the truth of the matter being
those hereinafter averred in the special and affirmative defenses;

7. Defendant Bank admits the allegation in paragraph 7 of the

Complaint in so far as he denied plaintiff’s request and that the defendant
cancelled its agreement with the plaintiff and offered to return her the amount
of (200,000 Php) Two Hundred Thousand Pesos that she had paid to it but
specifically denies the reason of the refusal is because another had offered to
buy the same property for (1,500,000 Php) One Million Five Hundred
Thousand Pesos;

8. Defendant Bank admits the allegation in paragraph 8 of the

Complaint in so far as the refusal to accept, the truth of the matter being those
hereinafter averred in the special and affirmative defenses;

9. Defendant Bank specifically denies the allegations in Paragraph 9

of the Complaint the truth of the matter being those hereinafter averred in the
special and affirmative defenses;

SPECIAL AND AFFIRMATIVE DEFENSES

10. Defendant Bank hereby repleads and incorporates all the

foregoing allegations insofar as they are relevant hereto, and further alleges
that –

11. Sometime in June 1, 1985, the Plaintiff and the Defendant Bank
through the Manager, Atty. Jayvee Grospe, whose appointment in real estate
matters of the Bank being confirmed in a Board Resolution, the minutes of the
meeting hereto attached as ANNEX “1” and a Special Power of Attorney
further confirms such appointment hereto attached as ANNEX “2”, executed a
contract of sale, hereto attached as ANNEX “3” which states the following
stipulations; ​(1) The down payment will be (200,000 Php) Two Hundred
Thousand Pesos and the balance of (800,000 Php) will be payable within 90
days from June 1, 1985 or on August 30,1985; ​(2) ​That the said payable
amount is subject for extension which will be agreed by both parties and
that such extension shall not exceed 20 days if balance is more than
seventy five percent of (1,000,000 Php); and that such extension shall not
exceed 25 days if balance is less than seventy percent but more than fifty
percent of (1,000,000 Php); and that such extension shall not exceed 35 days
if balance is less than fifty percent but more than twenty five percent of
(1,000,000 Php); and that such extension shall not exceed 45 days if balance is
less than twenty five percent of (1,000,000 Php); and such extension shall
only have an additional extension of 20 days; ​(3) That the buyer can still
acquire/pay the payable amount within 20 days after the last day of extension.

12. That the Plaintiff is actually given a 130 days (90 days from June
1, 1985 + 20 days of extension + 20 days grace period as stipulated in (3) in
the contract) to pay since her balance falls to more than seventy percent of
(1,000,000 Php);

13. That on the 90​th day from June 1, 1985 or on August 30, 1985,
Defendant Bank never heard from the Plaintiff and that the former on August
31, 1985 sent notice to the latter asking to pay for the remaining balance on or
before October 9, 1985, the 20​th day final extension after the 20 day extension
agreed in the contract or will demand the rescission or cancellation of the
contract subject to conform with the present laws;

14. That on September 1, 1985, there came a prospective buyer of the

same property and that the appointed Manager of the Defendant Bank refused
his offer since the property have already been sold to another buyer, who is
the Plaintiff;

15. That on August 13, 1985, a letter has been sent to the Plaintiff
asking her to pay for the remaining balance on or before August 30, 1985, the
90​th day from June 1, 1985 such was stipulated in the contract, a copy of
receipt letter from the post office showing acceptance of the notice is hereto
attached as Annex “4” hereof;

16. That prospective buyers have been calling and asking for the
status of the property and that the Defendant Bank refused all of their offers
since the same property has been bought already by the Plaintiff;

17. That Defendant Bank never heard from the Plaintiff and that
several calls and notices were made to no avail;

18. That only on September 5, 1985, 96​th day from June 1, 1985, when
the Plaintiff wrote before the defendant a request of extension until October
10, 1985, one day after the final extension (40 days after the 90​th day from
June 1, 1985) within which to pay the balance to which the Defendant Bank
even agreed;

19. That on October 5, 1985, Plaintiff again wrote a request to the

Defendant Bank, requesting a last extension until October 30, 1985, to which
Defendant denied since the Plaintiff asked several times already of extensions
and that subject to the stipulations of the contract, the 40 day all in all
extension already lapsed;
 20. That on October 9, 1985, the 130th day from June 1, 1985,
Defendant Bank sent notice that Plaintiff is given five days or until October 14,
1985 to pay the remaining balance of (800,000 Php) and that the (200,000
Php) she had paid shall be on her doorstep as immediate as the cancellation of
the contract of sale takes place, a copy of receipt letter from the post office
showing acceptance of the notice is hereto attached as Annex “5” hereof;

21. That on October 13, 1985, the Defendant Bank through their
Manager went to see the Plaintiff and informed her that while he is talking to
her, a certain (200,000 Php) cash have already been set aside by the bank,
very ready to be delivered to her BPI Bank Account and informed the plaintiff
that she has to pay the remaining balance of (800,000 Php) to BPI until the
next day or on October 14, 1985;

22. That on October 14, 1985, Plaintiff fails to pay the remaining
balance of (800,000 Php);

23. That on October 15, 1985, Defendant Bank sent notice through
mail, a copy of receipt letter from the post office showing acceptance of the
notice is hereto attached as Annex “6” hereof; and through text that her
(200,000 Php) is ready to be delivered to her bank account and that it shall be
delivered on any day at any time she chooses and that the contract of sale
between them has been rescinded effective immediately;

24. That in the afternoon of October 15, 1985, the Manager hearing
nothing from the Plaintiff decided to talk personally to the Plaintiff and went
with two bank personnel to the Plaintiff’s house at her resident in Batasan
Hills and after four door bells on the Plaintiff’s house and nobody came out,
the Manager put inside the mailbox located outside the house two copies of
notice addressed to the Plaintiff that her (200,000 Php) deposit is ready to be
delivered to her Bank Account and that the contract of sale between them has
been rescinded effective immediately;

25. That right after inserting the notice to the mailbox, a young lady
named “Nene” went out and asked who rang the bell and that the Defendant
introduced himself and asked respectfully if a certain Lorna Tanada lives in
the house and that she answered in the affirmative and further states that she
is actually a housemaid of the Plaintiff;

26. That the Manager gave another copy of the notice to the
housemaid that the Plaintiff’s (200,000 Php) is ready to be delivered to her
Bank Account and that the contract of sale between them has been rescinded
effective immediately;

22. That on October 16, 1985, the prospective buyer went to BPI and
asked the status of the same property and that Defendant Bank through the
assigned Manager said the same property has longing for an owner and that
both have executed a contract of sale on the same day;
 23. That on October 20, 1985, Defendant bank received a cashier’s
check of (800,000 Php) Eight Hundred Thousand Pesos but which Defendant
refused since there is no more contract between the Defendant Bank and the
Plaintiff since the latter clearly failed to pay her obligation at the time she was
supposed to pay and that the property have already been subjected to another
contract;

24. That the Defendant clearly makes all the possible ways to make
the Plaintiff pay the balance and had exerted so much effort and patience for
waiting the Plaintiff to pay and even cancelled several offers, all to the favor of
the Plaintiff;

25. That the Defendant even have the right to keep the deposit of
P200,000 as what the contract has stipulated “If the purchaser fails to
complete his part of the contract, sellers are allowed to keep the deposit and
may also pursue other legal rights it has against the purchaser….” but
Defendant returned it to her no more no less;

26. That the Supreme Court ruled in one case that, ​[1]​“​Breach of
contract is defined as the “failure without legal reason to comply with the terms
of a contract.” It is also defined as the “failure, without legal excuse, to perform
any promise which forms the whole or part of the contract”. As defined above,
Defendant sees no cause of action since Defendant had actually fulfilled his
obligation and as a matter of fact, Plaintiff was the one breaching the contract;

27. That the Supreme Court ruled in another case that, ​[2]​“the essential
elements of a cause of action are (1) a right in favor of the plaintiff by whatever
means and under whatever law it arises or is created; (2) an obligation on the
part of the named defendant to respect or not to violate such right; (3) an act or
omission of such defendant in violation of the right of the plaintiff for which the
latter may maintain an action for recovery of damages or other appropriate
relief.” As clear as crystal, it is true that there is really no cause of action. First,
it is true that Plaintiff have a right, however, such rights are cut totally on
October 15, 1985, the 131​th day from June 1, 1985. Secondly, the Defendant
Bank respectfully gave what is due to him which is to wait for the payment
from the Plaintiff until the due date of October 9, 1985 and no Plaintiff’s rights
were violated since until the mentioned date she did not obligate herself to
pay the balance due to her. Thirdly, the Defendant even gave the Plaintiff five
more additional days to which she should pay and still, the latter did not.
Moreover, as clear as it is, Defendant did no act or omission in violation of the
right of the Plaintiff for which the latter may maintain an action for recovery
of damages or other appropriate relief;
[1] Cathay Pacific Airways Ltd. vs Vasquez G.R. 150843 [2] Soloil Inc. vs Philippine Coconut Authority G.R. 174806

28. That the Supreme Court ruled that ​[3]​“​A person, in fairness to the
other party concerned, cannot invoked his own misdeeds to exculpate himself,
conformably with the basic principle in law that he who comes to court must
come with clean hands.” The Plaintiff should have paid what is due to her to
have clean hands. Plaintiff did not pay the balance, clearly disregards her
contractual obligations;

29. That the Supreme Court ruled that, ​[4]​“​Moral damages may be
awarded in a breach of contract when the defendant acted in bad faith or was
guilty of gross negligence amounting to bad faith or in wanton disregard of his
contractual obligations.” However as already stated above, Defendant did not
disregard his contractual obligations;

30. That the Defendant has willingly fulfilled his part of the contract
and even more and only cancelled the said contract after he knew that the
other party, herein named as the Plaintiff will never do her part;

31. That the Plaintiff is in fact the one at fault who has willingly
breached the contact by not fulfilling what is stipulated in the contract of sale
which parties have executed on June 1, 1985.

COMPULSORY COUNTERCLAIM

26. Defendant hereby repleads and incorporates all the foregoing

allegations insofar as they are relevant hereto and further avers that –

27. As a result of a baseless complaint since there is no cause of action

as to the part of the Plaintiff and to pay for the damages suffered by the
Defendant Bank for delaying the payments, the Plaintiff should be ordered to
pay P50,000 as actual damages;

27. To deter others from committing baseless acts similar to those of

the plaintiff, the latter should be ordered to pay the Defendant Bank the
amount of P50,000 as and by the way of exemplary damages.

PRAYER

WHEREFORE, ​premises duly considered, it is respectfully prayed of the

Honorable Court that judgement be rendered:

1. ​DISMISSING ​the Complaint for utter lack of merit and for lack of
cause of action and;

[3] Lim vs. Queensland Tokyo Commodities G.R. 136031 [4] BPI vs Leobrera G.R. 137147

2. ​Ordering​ the Plaintiff to pay the Defendant Bank the following

amounts:

a. P50,000 as actual damages;

b. P50,000 as exemplary damages; and
c. Cost of suit.

Other relief and remedies just and equitable in the premises are
likewise prayed for.

Quezon City, Metro Manila, November 13, 1985.

​Department of Justice
PUBLIC ATTORNEY’S OFFICE
Rm. B-29, Hall of Justice
Diliman, Quezon City

BY:

MARIA KRISTINA JIHAN C. BANA

Public Attorney I
Roll No. 34153
Lifetime IBP No. 111691/5-21-1980/ Quezon City

VERIFICATION

The Defendant, BANK OF THE PHILIPPINE ISLANDS located at No. 81,

Millstone Street Old Balara, Quezon City, is a bank, duly registered under the
Philippine Law, engaged in banking transactions for the financial institution
through the BPI Manager Jayvee Grospe, the duly authorized representative of
BPI, after having been duly sworn in accordance with law depose and say:

1. That I am the Manager and the duly authorized representative of the

Bank of the Philippine Islands and that the mentioned bank is the Defendant in the
above-entitled case;
 2. That Bank of the Philippine Islands through me have caused the
preparation and filing of the foregoing Answer;

3. That Bank of the Philippine Islands through me have read all the
allegations therein and certify that the same are true and correct of my own
personal knowledge;

4. That Bank of the Philippine Islands through me further certify that the
Bank have not commenced any other action involving the same issues before the
Supreme Court, Court of Appeals or any division thereof or any tribunal or agency;
to the best of my knowledge no such action is pending before the Supreme Court,
Court of Appeals or any division thereof or any tribunal or agency;

5. That in the event that any action involving the same should be made
known, I hereby bind myself to report the same within five (5) days from
knowledge thereof to this Honorable Court.

WITNESS WHEREOF, the Bank of the Philippine Islands through me, Atty.
Jayvee Grospe, have hereunto set my hand this 14​th day of November, 1985 at
Quezon City, Philippines.

​ATTY. JAYVE M. GROSPE

Representative, Bank of the Philippine Islands
​Defendant

SUBSCRIBED AND SWORN TO ​before this 14​th day of November, 1985

at Quezon City, Philippines.

Doc. No. ______ ATTY. ROSELYN PELAEZ

Page No. _____ ​Administering Officer
Book No.​ ___ Pursuant to R.A. 9406
Series of 1985
 Copy furnished (registered mail due to distance)

Post Office _______________________________________

Package No. _____________________________________
Posted on _______________________
Preserve this receipt for reference in case of inquiry
___________________________
Postmaster/Teller

EXPLANATION

Copy of the foregoing ANSWER has been served to Plaintiff’s counsel,

ATTY. ARNULFO A. SINGSON by registered mail due to time constraint,
distance and lack of manpower to effect personal service.

MARIA KRISTINA JIHAN C. BANA

POST OFFICE

BRANCH 48, QUEZON CITY

MAILMAN: Jessica
Kawmata

AUGUST 13, 1985

ADDRESS RECEIPIENT’S
SIGNATURE
No. 140 New York Street, Batasan
Hills, QC.
No. 141 New York Street, Batasan
Hills, QC.
No. 142 New York Street, Batasan
Hills, QC.
No. 143 New York Street, Batasan
Hills, QC.
No. 144 New York Street, Batasan
Hills, QC.
No. 145 New York Street, Batasan
Hills, QC.

POST OFFICE

BRANCH 48, QUEZON CITY

MAILMAN: Jesse
Malan

OCTOBER 9, 1985

ADDRESS RECEIPIENT’S
SIGNATURE
No. 140 New York Street, Batasan
Hills, QC.
No. 141 New York Street, Batasan
Hills, QC.
No. 142 New York Street, Batasan
Hills, QC.
No. 143 New York Street, Batasan
Hills, QC.
No. 144 New York Street, Batasan
Hills, QC.
No. 145 New York Street, Batasan
Hills, QC.

POST OFFICE

BRANCH 48, QUEZON CITY

MAILMAN: Camille
Natiwa

OCTOBER 15, 1985

 ADDRESS RECEIPIENT’S
SIGNATURE
No. 140 New York Street, Batasan
Hills, QC.
No. 141 New York Street, Batasan
Hills, QC.
No. 142 New York Street, Batasan
Hills, QC.
No. 143 New York Street, Batasan
Hills, QC.
No. 144 New York Street, Batasan
Hills, QC.
No. 145 New York Street, Batasan
Hills, QC.

CONTRACT OF SALE
AGREEMENT made this 1​st​ day of June, 1985 between the Bank of the
Philippine Islands for the property known as 3899 Abbey Road, Tagaytay,
Philippines and hereinafter referred to as "Seller" and Lorna Tanada residing
at No. 143 New York Street, Batasan Hills Quezon City hereinafter referred to
as "Purchaser.”

1. ​SALE. ​For the consideration hereinafter set forth, sellers agree to sell
and purchaser agrees to buy the real property constituting of approximately 4
acres of house and at 3899 Abbey Road, Tagaytay, Philippines as described in
attached Exhibit.

2. ​PURCHASE PRICE. ​The purchase price for such real property is

(1,000,000 Php) One Million Pesos​. (200,000 Php) shall be given to the
bank as down payment. The balance of (800,000 Php) will be payable within
90 days from June 1, 1985 or on August 30, 1985.

A. That the said payable amount is subject for extension which will be
agreed by both parties and that such extension shall not exceed 20 days if
balance is more than seventy five percent of (1,000,000 Php);
B. And that such extension shall not exceed 25 days if balance is less
than seventy percent but more than fifty percent of (1,000,000 Php);
C. And that such extension shall not exceed 35 days if balance is less
than fifty percent but more than twenty five percent of (1,000,000 Php);
D. And that such extension shall not exceed 45 days if balance is less
than twenty five percent of (1,000,000 Php);
E. And such extension shall only have an additional extension of 20
days;
F. That the buyer can still acquire/pay the payable amount within 20
days after the last day of extension.
.
3. ​CONVEYANCE OF REAL PROPERTY. ​Title to such real property will be
conveyed to the purchaser after paying the entire consideration or (1,000,000
Php) One Million Pesos by a Warranty Deed free and clear of all liens and
encumbrances except as follows:

A. All covenants, easements and restrictions of record affecting the

above described premises, if any.

B. Zoning Ordinances.

C. Current taxes and assessments both general and special which are a
lien on the property.

4. ​ZONING. ​The seller represents property is in conformity with all zoning

regulations.

5. ​TITLE DOCUMENTS. ​Sellers will provide the following document in

connection with the sale:

A. Deed. Sellers will deliver to the purchaser at closing a properly signed

and notarized.

6. ​SELLER'S WARRANTIES AND REPRESENTATIONS. ​Sellers warrant and

represent as follows:

A. Title to such real property as hereinafter warranted in paragraph

three.
B. All bills for work done or materials furnished to such real property
have
been paid in full.
The above warranties and representations will all be construed to apply
at the
time of closing.

7. ​OBJECTION TO TITLE. ​If the purchaser raises a valid written objection to

seller's title which means that the title to the property is unmarketable, sellers
may cancel this contract by giving prompt written notice of cancellation to the
purchaser.

Purchaser's deposit will be returned. However, if sellers give written

notice within five days that sellers will cure the problem prior to the closing
date, then this contract shall continue in force until the closing date subject to
sellers performing as promised. If sellers fail to cure the problem(s) within
such time, the purchaser will not be obligated to purchase and his deposit will
be returned.

8. ​RECORDING COSTS, MORTGAGE TAX, TRANSFER TAX AND CLOSING

ADJUSTMENTS. ​Sellers will pay the real property transfer tax and the
amount required for filing of the Real Property Transfer Gains Tax Affidavit.
The purchaser will pay for recording the Deed. The following, as applicable,
will be prorated and adjusted between the sellers and purchaser as of the date
of closing: current taxes computed on a fiscal year basis, excluding any
delinquent items; interest and penalty; rent payments; water charges; pure
water charges and sewer charges. The seller will provide a real property
survey dated after the date of this agreement at seller's cost.

9. ​DAMAGE TO PROPERTY. ​Risk of loss by damage or destruction to all or

a substantial part of the property prior to the closing will be borne by sellers.
A "substantial" part of the property will mean any part of the property in
excess of 15% of the rental floor area of the property. In the event of such
damage or destruction, the purchaser at its option may void this transaction,
or elect to consummate this transaction, in which event, sellers right to all
insurance proceeds resulting from such damage or destruction will be
assigned by sellers to the purchaser. In the event of any lessor damage, this
agreement will be consummated and sellers will assign to the purchaser all of
its right, title and interest to the proceeds of any insurance payments resulting
from such damage or destruction.
10. ​DELIVERY OF POSSESSION. ​Sellers will deliver possession of the real
property to the purchaser on the date of closing in its present physical
condition. Sellers will, upon purchasers' request, advise the tenants, if any, of
purchasers' acquisition of title. Sellers and purchaser will, between
themselves, prorate the utility and transfer the billings. Closing must be held
and title transferred no later than ​October 15, 1985. Time is of the essence. If
closing is not held and title transferred by that date, buyer can reject sale and
their deposit will be returned. Same thing, when paying is not held within the
time frame stipulated in the contract, seller can reject sale and deposit shall be
returned to the buyer.

11. ​DEPOSIT. ​The purchaser has deposited ​(200,000 Php) ​or (20%) percent
of the sale price, such deposit is to become a part of the purchase price or
returned if not accepted or if this contract thereafter fails to close for any
reason not the fault of the purchaser. If the purchaser fails to complete his
part of the contract, sellers are allowed to keep the deposit and may also
pursue other legal rights it has against the purchaser, including a lawsuit for
any real estate broker's commission paid by the sellers.

12. ​ENTIRE AGREEMENT. ​This agreement contains the entire agreement

between the parties. No representations or promises with respect to the sale
and purchase of the real property have been made by sellers or purchaser
other than expressly set forth herein.

13. ​BINDING EFFECT. ​This agreement will become binding upon the
distributes, heirs, executors, administrators, successors and assigns of the
parties hereto.

IN WITNESS WHEREOF, the parties have executed this agreement on the date
set forth above.

By:

JAYVE GROSPE RUTH CHARMANE PIEDAD

MANAGER, BANK OF THE PHILIPPINE ISLANDS ASST. MANAGER, BANK OF THE PHILIPPINE ISLANDS
​(Seller) (Seller)

LORNA TANADA
(BUYER)
REPUBLIC OF THE PHILIPPINES)
QUEZON CITY) S.S

SPECIAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS:

The Bank of the Philippine Islands through the Board do hereby name,
constitute and appoint Jayve Grospe of legal age, married, resident of Babaero
Street, Mandaluyong to be true true and lawful attorney-in-fact for the
above-mentioned bank, and in the name of the bank, place and stead, to do
and perform the following acts, to wit:

1. Manage the real estate of the Bank of the Philippine Islands located in
3899 Abbey Road, Tagaytay, Philippines.

HEREBY GIVING AND GRANTING unto the said attorney-in-fact full

power and authority to do and perform any and every act and thing
whatsoever requisite or necessary or proper to be done in and about the
premises as fully to all intents and purposes as Bank of the Philippines might
or could lawfully do if personally present, with power of substitution and
revocation, and hereby ratifying and confirming all that my said
attorney-in-fact shall lawfully do or cause to done under and by virtue of these
presents.

IN WITNESS WHEREOF​, I/we hereby set my/our hand(s) this 5th day
of January 1985 in Quezon City Philippines.

ROSELYN PELAEZ Jayvee Grospe

President of Bank of Philippine Islands Attorney In Fact
PRINCIPAL

Signed in the presence of:

GAYLE NACUA
Secretary, Bank of the Philippine Islands

Cavin Kay Rigor

Financial Affairs President, Bank of the Philippine Islands

Republic of the Philippines)

Quezon City) S.S

BEFORE ME, personally appeared:

       ​Name CTC Number Date/Place Issued

 
BPI President Roselyn Pelaez 263582040 Jan 07, 1985 / Angeles City 
​Atty. Jayve Grospe 261066475 Jan 13, 1985 / City of Manila
 
 
Known to me and to me known to be the same persons who executed
the foregoing instrument and acknowledged to me that the same is their free
and voluntary act and deed.

 
WITNESS MY HAND AND SEAL, on the date and place first above
written.
 

SEGUNDA KATIGBAK
Notary Public
Until December 31,1985
PTR No. 6668134
Issued on January 14, 1985
Issued at Quezon City
Roll No. 38990

Doc. No. ​124

Page No. ​26
Book No. ​XXXV
Series of 1985

MINUTES OF THE MEETING (13 of 234) January 4, 1985

 AGENDA #4: Who will be assigned in the Tagaytay and Paranaque lots BPI owned.

Manager from the main branch of BPI has been introduced by the Secretary Gayle Nacua to
be the assigned in the Tagaytay and Paranaque lots the BPI currently owned.

Manager from the Quezon City Main Branch has been introduced by the Auditor Joyce
Caligan to be the assigned in the Tagaytay and Paranaque lots the BPI currently owned.

Manager from the main branch of BPI has been called to be assigned in the Tagaytay and
Paranaque lots the BPI currently owned for years 1985-1988.

Manager Jayve Grospeof BPI Main Branch was invited for dinner tonight to discuss about
the properties and to accept the SPA.

SPA has been called to be done in the afternoon.

Republic of the Philippines)

Quezon City) S.S
BEFORE ME, personally appeared:

      ​Name CTC Number Date/Place Issued

  
​Atty. Jayve Grospe 261066475 Jan 13, 1985 / City of Manila
Lorna Tanada 187997264 Jan 02, 1985 / City of Quezon
 
 
Known to me and to me known to be the same persons who executed
the foregoing instrument and acknowledged to me that the same is their free
and voluntary act and deed.

 
WITNESS MY HAND AND SEAL, on the date and place first above
written.
 

LEONOR RIVERA
Notary Public
Until December 31,1985
PTR No. 6668134
Issued on June 2, 1985
Issued at Quezon City
Roll No. 27990

Doc. No. ​154

Page No. ​54
Book No. ​XXIV
Series of 1985