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Acme Shoe Rubber & Plastic Corp. Vs. Court of Appeals, et al.

ACME SHOE RUBBER & PLASTIC CORPORATION, petitioner, vs. THE COURT OF APPEALS and DOMESTIC INSURANCE COMPANY OF THE PHILIPPINES, respondents.

G.R. No. L-56718 | 1985-01-17

D E C I S I O N


MELENCIO-HERRERA, J.:

On hand is a Petition for Review on Certiorari of the Decision of the then Court of Appeals (CA-G. R. No. 58917-R), denying recovery on an insurance policy, thereby reversing the judgment of the Court of First Instance of Rizal, Branch XII, at Caloocan City, which had allowed such recovery.

Since 1946, petitioner ACME Shoe Rubber and Plastic Corporation (ACME, for brevity) had been insuring yearly against fire its building, machines and general merchandise, located at Caloocan City, with respondent Domestic Insurance Company of the Philippines (the INSURER, for short). On May 14, 1962, ACME...