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IFC-Service Leasing & Acceptance vs. Sarmiento Corp

IFC-SERVICE LEASING & ACCEPTANCE CORPORATION, plaintiff-appellee, vs. SARMIENTO DISTRIBUTORS CORPORATION AND SARMIENTO SECURITIES CORPORATION, defendants-appellants.

G.R. No. L-39805 | 1987-05-29

D E C I S I O N


PARAS, J.:

This is a petition for review on certiorari of the decision * of the then Court of First Instance of Rizal, Branch X, in Civil Case No. 17126 for breach of contract, entitled "IFC SERVICE LEASING & ACCEPTANCE CORPORATION v. SARMIENTO DISTRIBUTORS CORPORATION and SARMIENTO SECURITIES CORPORATION," ordering the defendants to jointly and severally pay the plaintiff the sum of P19,583.16 corresponding to the arrears in rentals up to November, 1972, plus 1% interest per month until fully paid, and to pay the remaining rentals covering the whole period of the contract as actual damages, plus the sum of P5,000.00 as...