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Imperial Insurance, Inc. vs. CA, et al.

THE IMPERIAL INSURANCE, INC., petitioner, vs. THE HONORABLE COURT OF APPEALS and VALDEMONTE FINANCE CORPORATION, respondents.

G.R. No. L-28722 | 1971-10-29

D E C I S I O N


CASTRO, J:

In civil case 62707 of the Court of First Instance of Manila, the Valdemonte Finance Corporation (hereinafter referred to as the respondent) obtained a judgment in its favor against the Imperial Insurance, Inc. (hereinafter referred to as the petitioner). The decision a quo dated April 29, 1966 ordered the petitioner to pay the respondent "the sum of P140,000 with interest thereon at the legal rate from the commencement of the action" until its full satisfaction, and the further sum of P10,000 "as attorney's fees and expenses of litigation," plus costs.

On May 26, 1966 the petitioner filed with the court a...