At the outset,
it must be pointed out that PNB commenced extrajudicial foreclosure proceedings
on Felina's real property on the ground of the latter's non-payment of the
first and second loans inclusive of interests and penalties, which as per the
Statement of Account provided by PNB to Felina, amounted to P14,565.58 for the
first loan and P148,608.33 for the second loan, or a grand total of
P163,173.91.
However, and as
unanimously found by the courts a quo: (a) Felina did not avail of the second
loan, as her signature in the subject check was forged; (b) Gloria was not duly
authorized to obtain the second loan from PNB; and (c) PNB was remiss of the
diligence required of a banking institution in allowing the withdrawal and
encashment of the subject check representing the second loan. Absent any cogent
reason to overturn the aforesaid findings, the Court is inclined to uphold the
same
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