Back

Compania Maritima vs. Court of Appeals, et al.

COMPANIA MARITIMA, petitioner, vs. COURT OF APPEALS and PAN ORIENTAL SHIPPING CO., respondents.

G.R. Nos. L-50900 | 1985-04-09

R E S O L U T I O N

MELENCIO-HERRERA, J.:

The above-entitled three (3) cases stemmed from the Decision of this Court, dated October 31, 1964, entitled "Fernando A. Froilan vs. Pan-Oriental Shipping Co., et al. 1 and our four (4) subsequent Resolutions of August 27, 1965, November 23, 1966, December 16, 1966, and January 5, 1967, respectively.

The antecedental background is narrated in the aforestated Decision, the pertinent portions of which read:

"On March 7, 1947, Fernando A. Froilan purchased from the Shipping Administration a boat described as MV/FS-197 for the sum of P200,000.00, with a down payment of P50,000.00. To secure...