This case has been cited 1 times or more.
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2007-09-13 |
SANDOVAL-GUTIERREZ, J. |
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| Moreover, in its Reply to Equinox's Opposition to the Motion to Dismiss before the RTC, Prudential, citing Philippine National Bank v. Pineda[6] and Finman General Assurance Corporation v. Salik,[7] argued that as a surety, it is considered under the law to be the same party as the obligor in relation to whatever is adjudged regarding the latter's obligation. Therefore, it is the CIAC which has jurisdiction over the case involving a construction contract between Equinox and J'Marc. Such an admission by Prudential binds it and it cannot now claim otherwise. | |||||