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Myrene Padilla, Et Al. Vs. Court Of Appeals, Et Al.

MYRENE PADILLA, ROBERTO PADILLA, ALBERTO J. PADILLA III, and EDUARDO PADILLA, petitioners, vs. COURT OF APPEALS, SPS. GIOVANI AND GREGORIA ONG, SPS. VICTORIO and ANGELINA MANGALINDAN and MABINI S. VALENTIN, respondent.

G.R. No. 105851 | 1993-03-24

D E C I S I O N


BELLOSILLO, J.:

The very concept of rebate, which is the discount or reduction in a claim made in consideration of prompt payment, 1 impels Us to modify the decision of respondent appellate court.

But even as We do, We nonetheless respect its actual findings 2 that ----

"On January 28, 1981, plaintiffs Giovani C. Ong, Gregoria S. Ong, Victorio T. Mangalindan, Angelina D. Mangalindan and Mabini S. Valentin entered into a contract with defendants Myrene Padilla, Roberto Padilla, Alberto Padilla, III, Rosalie Padilla and Eduardo Padilla, whereby the former sold to the latter 3,300 common shares of stock of GV FARMS, INC.,...