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GF Equity, Inc. vs. Arturo Valenzona

GF EQUITY, INC., Petitioner, versus ARTURO VALENZONA, Respondent.

G.R. No. 156841 | 2005-06-30

D E C I S I O N

CARPIO MORALES, J.:

On challenge via Petition for Review on Certiorari is the Court of Appeals October 14, 2002 Decision[1] reversing that of the Regional Trial Court (RTC) of Manila dated June 28, 1997[2] which dismissed the complaint of herein respondent Arturo Valenzona (Valenzona) for breach of contract with damages against herein petitioner GF Equity, Inc. (GF Equity).

The factual antecedents of the case are as follows:

GF Equity, represented by its Chief Financial Officer W. Steven Uytengsu (Uytengsu), hired Valenzona as Head Coach of the Alaska basketball team in the Philippine Basketball Association (PBA) under a...