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Eastern Assurance & Surety Corp., vs. Intemediate Appellate Court, et al.

EASTERN ASSURANCE & SURETY CORPORATION, petitioner, vs. INTERMEDIATE APPELLATE COURT and REPUBLIC OF THE PHILIPPINES (DEPT. OF AGRARIAN REFORM), respondents.

G.R. No. 69450 | 1989-11-22

D E C I S I O N

FELICIANO, J p:

The Petition at bar seeks a review of the Decision 1 dated 11 December 1984 rendered by the then Intermediate Appellate Court, in AC-G.R. CV No. 67253.

On 8 January 1976, the Region 7 (Cebu) Office of respondent Department of Agrarian Reform ("DAR") put up for public bidding a job or project consisting of the repair of seven (7) units of (USAID) Willys Mitsubishi/Eisenhower jeeps. Among the bidders was Motor City, an automotive repair, company, which latter on emerged as the winning bidder.

The winning bid was accompanied by a Proposal Bond 2 - required by the DAR of all bidders - in the amount of...