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Spouses Noe and Clarita Quiampo Vs. Capital Insurance & Surety Co., Inc.

SPOUSES NOE and CLARITA QUIAMCO, Petitioners, versus CAPITAL INSURANCE & SURETY CO., INC., Respondent.

G.R. No. 170852 | 2008-09-12

R E S O L U T I O N


CORONA, J.:

This is a petition for review on certiorari[1] of the August 25, 2005 decision[2] and November 24, 2005 resolution[3] of the Court of Appeals (CA) in CA-G.R. CV No. 74390.

Petitioner spouses Noe and Clarita Quiamco are husband and wife engaged in the sea transportation business. On April 30, 1997, a decision in a labor case[4] was rendered against Clarita as representative of Sto. Niño Ferry Boat Services. Petitioners received the decision on May 7, 1997.[5]

Petitioners then applied for a supersedeas bond with respondent Capital Insurance & Surety Co., Inc., a surety and non-life insurance...