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College Assurance Plan vs. Belfranlt

COLLEGE ASSURANCE PLAN and COMPREHENSIVE ANNUITY PLAN and PENSION CORPORATION, Petitioners, versus BELFRANLT DEVELOPMENT, INC., Respondent.

G.R. No. 155604 | 2007-11-22

Republic of the Philippines
SUPREME COURT
Manila
 
THIRD DIVISION
 
D E C I S I O N
 
AUSTRIA-MARTINEZ, J.:
 
Before this Court is a Petition for Review on Certiorari under Rule 45 of the Rules of Court, assailing the February 28, 2002 Decision1 of the Court of Appeals (CA) in CA-G.R. CV No. 63283, which modified the April 14, 1999 Decision2 of the Regional Trial Court (Branch 221), Quezon City (RTC) in Civil Case No. Q-95-23118.
 
The antecedent facts are as summarized by the RTC.
 
Belfranlt Development, Inc. (respondent) is the owner of Belfranlt Building in Angeles City, Pampanga. It leased to...