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Eastern Assurance & Surety Corp. vs. Secretary of Labor, et al.

EASTERN ASSURANCE & SURETY CORPORATION, petitioner, vs. SECRETARY OF LABOR, PHILIPPINE OVERSEAS EMPLOYMENT ADMINISTRATION, ELVIRA VENTURA, ESTER TRANGUILLAN, et al., respondents. Tanjuatco, Oreta, Tanjuatco, Berenguer & San Vicente for petitioner.

G.R. Nos. 79436-50 | 1990-01-17

D E C I S I O N

NARVASA, J:

In connection with the application with the Philippine Overseas Employment Administration (POEA) of J & B Manpower Specialist, Inc. for a license to engage in business as a recruitment agency, a surety bond was filed on January 2, 1985 by the applicant and the Eastern Assurance and Surety Corporation, herein petitioner, in virtue of which they both held themselves -

" . . firmly bound unto (said) Philippine Overseas Employment Administration, Ministry of Labor in the penal sum of PESOS ONE HUNDRED FIFTY THOUSAND ONLY . . (P150,000.00) for the payment of which will and truly to be made, . . (they bound...