FACTS:
The respondent Gueco Spouses obtained a loan from petitioner to purchase a car. The Spouses executed promissory notes.
The Spouses defaulted in payment of installments. Consequently, the Bank filed civil action. The negotiations with resulted in the further reduction of the outstanding.
On August 29, 1995, Dr. Gueco delivered a manager’s check in amount of P150,000.00 but the car was not released because of his refusal to sign the Joint Motion to Dismiss.
ISSUE:
Whether or not the bank committed fraud in issuing Joint Motion to Dismiss.
RULING:
Fraud has been defined as the deliberate intention to cause damage or prejudice. It is the voluntary execution of a wrongful act, or a willful omission, knowing and intending the effects which naturally and necessarily arise from such act or omission; the fraud referred to in Article 1170 of the Civil Code is the deliberate and intentional evasion of the normal fulfillment of obligation. We fail to see how the act of the petitioner bank in requiring the respondent to sign the joint motion to dismiss could constitute as fraud. True, petitioner may have been remiss in informing Dr. Gueco that the signing of a joint motion to dismiss is a standard operating procedure of petitioner bank. However, this cannot in anyway have prejudiced Dr. Gueco. The motion to dismiss was in fact also for the benefit of Dr. Gueco, as the case filed by petitioner against it before the lower court would be dismissed with prejudice. The whole point of the parties entering into the compromise agreement was in order that Dr. Gueco would pay his outstanding account and in return petitioner would return the car and drop the case for money and replevin before the Metropolitan Trial Court. The joint motion to dismiss was but a natural consequence of the compromise agreement and simply stated that Dr. Gueco had fully settled his obligation, hence, the dismissal of the case.