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Asuncion vs Evangelista and CA

ALEXANDER G. ASUNCION, petitioner, vs. EDUARDO B. EVANGELISTA and COURT OF APPEALS, respondents.

G.R. No. 133491 | 1999-10-13


D E C I S I O N
 
PUNO, J.:
 
This is a petition for review of the Decision of the respondent Court of Appeals[1] rescinding the Memorandum of Agreement of the parties and assessing against the petitioner damages in the amount of P32,644,420.55.
 
These are the relevant facts.
 
Since 1970, private respondent has been operating a piggery on his landholdings in Barangay Loma de Gato, Marilao, Bulacan.[2] Until 1980, he operated the piggery under the trade name Embassy Farms as a single proprietorship.[3] In October 1981, private respondent, his wife, Epifania C. Evangelista, and three (3) others, namely, Angel L....