D E C I S I O N
CHICO-NAZARIO, J.:
Luzon Spinning Mills, Incorporated (LSMI) filed before the Regional Trial Court (RTC) of Lipa City, Branch 85, a Complaint dated 23 August 2000, for Collection of Sum of Money[1] against Silangan Textile Manufacturing Corporation (STMC). In its Complaint, LSMI alleged that from 19 November 1998 to 14 June 1999, Anita, Jimmy and Benito, all surnamed Silangan, in their capacity as stockholders and officers of STMC ordered 111,161.60 kilograms of yarn, valued in the total amount of P9,999,845.00. The yarns were delivered at the office of STMC as evidenced by delivery receipts.[2] In payment of the yarns,...
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