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California Bus Lines, Inc., Vs. State Investment House, Inc.

CALIFORNIA BUS LINES, INC., petitioner, vs. STATE INVESTMENT HOUSE, INC., respondent.

G.R. No. 147950 | 2003-12-11

D E C I S I O N

QUISUMBING, J.:

In this petition for review, California Bus Lines, Inc., assails the decision,[1] dated April 17, 2001, of the Court of Appeals in CA-G.R. CV No. 52667, reversing the judgment[2], dated June 3, 1993, of the Regional Trial Court of Manila, Branch 13, in Civil Case No. 84-28505 entitled State Investment House, Inc. v. California Bus Lines, Inc., for collection of a sum of money. The Court of Appeals held petitioner California Bus Lines, Inc., liable for the value of five promissory notes assigned to respondent State Investment House, Inc.

The facts, as culled from the records, are as follows:

Sometime in...