EQUITABLE BANKING CORPORATION vs. CALDERON | GR. No. 156168 | December 14, 2004
EQUITABLE BANKING CORPORATION vs. CALDERON GR. No. 156168, December 14, 2004 Facts Jose T. Calderon is a businessman engaged in several business activities here and abroad, either in his capacity as President or Chairman of the Board thereon. He is also a stockholder of PLDT and a member of the Manila Polo Club, among others. He is a seasoned traveler, who travels at least seven times a year in the U.S., Europe and Asia. On the other hand, Equitable Banking Corporation is one of the leading commercial banking institutions in the Philippines, engaged in commercial banking, such as acceptance of deposits, extension of loans and credit card facilities, among others.Sometime in September 1984, Calderon applied and was issued an Equitable International Visa card. The said Visa card can be used for both peso and dollar transactions within and outside the Philippines. The credit limit for the peso transaction is twenty thousand pesos; while in the dollar ...