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Asset Privatization Trust vs. T.J. Enterprises

ASSET PRIVATIZATION TRUST, Petitioner, versus T.J. ENTERPRISES, Respondent.

G.R. No. 167195 | 2009-05-08

D E C I S I O N


Tinga, J.::

This is a Rule 45 petition[1] which seeks the reversal of the Court of Appeals' decision[2] and resolution[3] affirming the RTC's decision[4] holding petitioner liable for actual damages for breach of contract.

Petitioner Asset Privatization Trust[5] (petitioner) was a government entity created for the purpose to conserve, to provisionally manage and to dispose assets of government institutions.[6] Petitioner had acquired from the Development Bank of the Philippines (DBP) assets consisting of machinery and refrigeration equipment which were then stored at Golden City compound, Pasay City. The compound was...