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BHC vs. Dy Pac & Co., Inc.

BATAAN HARDWOOD CORPORATION, ET AL., petitioners, vs. DY PAC & CO., INC. and COURT OF APPEALS, respondents.

G.R. No. L-29492 | 1972-02-29

D E C I S I O N


TEEHANKEE, J:

Appeal by certiorari from a decision of the Court of Appeals.

The undisputed facts of the case, as found by the appellate court in its decision and as reproduced by petitioners in their petition at bar, are as follows:

"On January 21, 1960, plaintiff-appellant Dy Pac & Company and defendant-appellee Bataan Hardwood Corporation, both duly organized Philippine Corporations, entered into a contract whereby appellant would advance appellee certain sums of money for logs which the latter would sell to the former. In the course of their business dealings, appellee became indebted to appellant for the amount of...