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Maxwell Heavy Equipment Corporation vs. Eric Uychiaoco Yu

MAXWELL HEAVY EQUIPMENT CORPORATION, Petitioner,vs.ERIC UYCHIAOCO YU, Respondent.

G.R. No. 179395 | 2010-12-15

 
 
SECOND DIVISION
 
D E C I S I O N
 
 
CARPIO, J.:
 
 
The Case
 
 
This petition for review1 assails the 21 June 2007 Decision2 of the Court of Appeals in CA-G.R. CV No. 84522. The Court of Appeals affirmed with modification the 11 January 2005 Decision3 of the Regional Trial Court, National Capital Judicial Region, Branch 167, Pasig City. The trial court ordered, among others, the reimbursement by petitioner Maxwell Heavy Equipment Corporation (Maxwell) of the amount of P8,888,932.33 to respondent Eric Uychiaoco Yu (Yu) for the latter's payment of Maxwell's loan obligation with the Bank of...