Wincorp invested the Francias' money for 11% interest over 43 days, but failed to pay it back upon maturity. The investment was rolled over for another 34 days, with confirmation advices indicating Pearlbank as the actual borrower of funds. When still not paid back, the Francias sued Wincorp and Pearlbank. Wincorp did not object to evidence from the Francias and filed a late motion to postpone the hearing, which was denied. The court considered Wincorp to have waived its right to present evidence and ruled Wincorp solely liable. The CA and Supreme Court affirmed, holding that documents attached to Wincorp's pleadings could not be considered as evidence since they were not formally offered in trial court.
Wincorp invested the Francias' money for 11% interest over 43 days, but failed to pay it back upon maturity. The investment was rolled over for another 34 days, with confirmation advices indicating Pearlbank as the actual borrower of funds. When still not paid back, the Francias sued Wincorp and Pearlbank. Wincorp did not object to evidence from the Francias and filed a late motion to postpone the hearing, which was denied. The court considered Wincorp to have waived its right to present evidence and ruled Wincorp solely liable. The CA and Supreme Court affirmed, holding that documents attached to Wincorp's pleadings could not be considered as evidence since they were not formally offered in trial court.
Wincorp invested the Francias' money for 11% interest over 43 days, but failed to pay it back upon maturity. The investment was rolled over for another 34 days, with confirmation advices indicating Pearlbank as the actual borrower of funds. When still not paid back, the Francias sued Wincorp and Pearlbank. Wincorp did not object to evidence from the Francias and filed a late motion to postpone the hearing, which was denied. The court considered Wincorp to have waived its right to present evidence and ruled Wincorp solely liable. The CA and Supreme Court affirmed, holding that documents attached to Wincorp's pleadings could not be considered as evidence since they were not formally offered in trial court.
Wincorp invested the Francias' money for 11% interest over 43 days, but failed to pay it back upon maturity. The investment was rolled over for another 34 days, with confirmation advices indicating Pearlbank as the actual borrower of funds. When still not paid back, the Francias sued Wincorp and Pearlbank. Wincorp did not object to evidence from the Francias and filed a late motion to postpone the hearing, which was denied. The court considered Wincorp to have waived its right to present evidence and ruled Wincorp solely liable. The CA and Supreme Court affirmed, holding that documents attached to Wincorp's pleadings could not be considered as evidence since they were not formally offered in trial court.
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Case 10: WESTMONT INVESTMENT CORPORATION (WINCORP) vs. AMOS P.
FRANCIA, JR. et al. (G.R. No. 194128, December 7, 2011)
Facts: The Francias invested their money in Wincorp for 11% interest for 43 days. They failed to collect upon maturity and their investment were rolled over for another 34 days for which Confirmation Advices were issued by Wincorp indicating Pearlbank as the actual borrower of the funds invested. Failing again to collect, the Francias filed a collection suit against Wincorp and respondent Pearlbank before the RTC. Wincorp did not object or comment to the evidence offered by the Francias and filed a motion to postpone hearing 3 days before the scheduled hearing for presentation of Wincorps defense evidence which was denied. RTC considered Wincorp to have waive its right to present evidence. It held Wincorp solely liable to the Francias and dismissed the case against Pearlbank. CA affirmed. Hence, this petition. Issue: Was the CA correct in not admitting the documents attached to Wincorps pleadings? Held: Yes. It appears that Wincorp was given ample opportunity to file its Comment/Objection to the formal offer of evidence of the Francias but it chose not to file any. All the documents attached by Wincorp to its pleadings before the CA cannot be given any weight or evidentiary value for the sole reason that, as correctly observed by the CA, these documents were not formally offered as evidence in the trial court. To consider them now would deny the other parties the right to examine and rebut them. This is in accordance with Section 34, Rule 132 of the Rules of Court