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Sy Chim, et al. vs. Sy Siy Ho & Sons, Inc., et al

SY CHIM and FELICIDAD CHAN SY, Petitioners, vs. SY SIY HO & SONS, INC., doing business under the name and style GUAN YIAC HARDWARE, Respondents.

G.R. No. 164958 | 2006-01-27


FIRST DIVISION

D E C I S I O N 

CALLEJO, SR., J.: 

The Sy Siy Ho & Sons, Inc. (hereinafter referred to as the corporation) is a domestic corporation which was organized in the 1940s,[1] engaged primarily in importing, buying and selling hardware, machineries, spare parts, supplies and other allied products and merchandise to be sold exclusively on wholesale basis. It was doing business under the name and style Guan Yiac Hardware[2] with office at No. 453-455 T. Pinpin Street, Binondo, Manila. 

The corporation was owned and controlled by Sy Chim and his children. Sometime in 1990, a controversy ensued between Sy Chim's two...