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Samhwa Company Lts., Et Al. Vs. Intermediate Appellate Court, Et Al.

SAMHWA COMPANY LTS., AND LOTUS EXPORTS SPECIALISTS, INC., petitioners, vs. THE HONORABLE INTERMEDIATE APPELLATE COURT, LOUIS SHEFF AND HERSCHELL SWIRYN, respondents.

G.R. No. 74305 | 1992-01-31

D E C I S I O N


MEDIALDEA, J.:

This is a petition for review on certiorari of the decision of the Court of Appeals affirming the trial court's judgment which ordered petitioner Samhwa Company Ltd. (Samhwa for brevity) to pay damages to private respondents. The civil action was instituted before the trial court against Samhwa by respondents Louis Sheff and Herschel Swiryn, who were among the original stockholders of a company known as Lotus Export Specialists, Inc. (Lotus, Inc. for brevity).

The antecedent facts of the case as found both by the respondent appellate court and the trial court are as follows:

"On September 28, 1977, the...