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Villlalon vs CA, Insular Bank of Asia and Am (PCIB)

ANDRES VILLALON, petitioner, vs. COURT OF APPEALS, INSULAR BANK OF ASIA and AMERICA, now PHILIPPINE COMMERCIAL INTERNATIONAL BANK, respondents.

G.R. No. 116996 | 1999-12-02

D E C I S I O N


KAPUNAN, J.:

In this petition under Rule 45, petitioner would like this Court to deviate from the general rule that factual findings of the Court of Appeals (CA), affirming those of trial court, are final and conclusive and may not be reviewed on appeal.

The antecedents are as follows:

In June of 1985, Benjamin Gogo, Jr. (hereinafter, Gogo) enticed petitioner to enter into the business of manufacturing door jambs and related wood products for export. Under the proposed partnership scheme, Gogo will act as the industrial partner while petitioner will be the capitalist partner. Based on the project study presented by...