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Caltex (Philippines), Inc. Vs. Intermediate Appellate Court, Et Al.

CALTEX (PHILIPPINES), INC., petitioner, vs. The INTERMEDIATE APPELLATE COURT and ASIA PACIFIC AIRWAYS, INC., respondents.

G.R. No. 72703 | 1992-11-13

D E C I S I O N


BIDIN, J.:

This is a petition for certiorari seeking the annulment of the decision dated August 27, 1985 of the then Intermediate Appellate Court in CA-G.R. No. 02684, which reversed the judgment of the trial court and ordered petitioner to return the amount of P510,550.63 to private respondent plus interest at the legal rate of 14% per annum.

The facts of the case are as follows:

On January 12, 1978, private respondent Asia Pacific Airways Inc. entered into an agreement with petitioner Caltex (Philippines) Inc., whereby petitioner agreed to supply private respondent's aviation fuel requirements for two (2) years,...