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BPI vs ALS Management & Dev Corp

BANK OF THE PHILIPPINE ISLANDS, as Successor-in-Interest of BPI Investment Corporation, Petitioner, versus ALS MANAGEMENT & DEVELOPMENT CORP., Respondent.

G.R. No. 151821 | 2004-04-14

D E C I S I O N

PANGANIBAN, J.:

Factual findings of the lower courts are entitled to great respect, but may be reviewed if they do not conform to law and to the evidence on record. In the case at bar, a meticulous review of the facts compels us to modify the award granted by the Court of Appeals.

The Case

Before us is a Petition for Review[1] under Rule 45 of the Rules of Court, seeking to set aside the November 24, 2000 Decision[2] and the January 9, 2002 Resolution[3] of the Court of Appeals (CA) in CA-GR CV No. 25781. The assailed Decision disposed as follows:

"WHEREFORE, premises considered, the assailed decision is hereby...