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Guevent IndustrialDevt. Corp. vs. Phil. Lexus Amusement Corp

GUEVENT INDUSTRIAL DEVELOPMENT CORPORATION, Petitioner, versus PHILIPPINE LEXUS AMUSEMENT CORPORATION, Respondent.

G.R. No. 159279 | 2006-07-11

THIRD DIVISION

DECISION 

QUISUMBING, J.: 

For review on certiorari is the Decision[1] dated July 31, 2002 of the Court of Appeals in CA-G.R. CV No. 54291 which reversed the Decision[2] dated August 5, 1996 of the Regional Trial Court, Pasig City, Branch 156. Also assailed is the Resolution[3] dated July 24, 2003 denying petitioner's motion for reconsideration. 

Respondent leased for the period of December 11, 1993 to December 10, 1994, petitioner's warehouse at Libertad St., Mandaluyong, Metro Manila for the storage of its video machines. On September 25, 1994, heavy rains flooded Libertad St. and damaged the video...