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Willy G. Sia vs People 428 SCRA 206

WILLY G. SIA, Appellee, versus PEOPLE OF THE PHILIPPINES

G.R. No. 149695 | 2004-04-28

D E C I S I O N

CALLEJO, SR., J.:

On June 4, 1982, the Consolidated Orient Leasing and Finance Corporation (COLF), as Lessor, and Willy G. Sia, the sole proprietor of WGS Construction Specialists, as Lessee, executed a Lease Agreement,[1] for a period of eighteen (18) months, covering construction equipments described as follows:

ONE (1) UNIT KOMATSU PAYLOADER,
JH65C MODEL, 2-3/4 cu. yd.
Chassis No.: JH65C-0347
Engine No.: 629676

ONE (1) UNIT KOMATSU BULLDOZER MODEL D80A-12
Serial No.: D80A-12-19495
Motor No.: NH220-0969N21515

ONE (1) UNIT YUTANI POCLAIN MODEL YS 650
Serial No.: 1283
Motor No.: 92621[2]
Under the lease agreement, Sia was...