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Loadmasters Customs Services, Inc. vs. Glodel Brokerage Corporation and R & B Insurance Corporation

LOADMASTERS CUSTOMS SERVICES, INC., Petitioner, vs. GLODEL BROKERAGE CORPORATION and R&B INSURANCE CORPORATION, Respondents.

G.R. No. 179446 | 2011-01-10

SECOND DIVISION

D E C I S I O N

 

MENDOZA, J.:

 

This is a petition for review on certiorari under Rule 45 of the Revised Rules of Court assailing the August 24, 2007 Decision1 of the Court of Appeals (CA) in CA-G.R. CV No. 82822, entitled "R&B Insurance Corporation v. Glodel Brokerage Corporation and Loadmasters Customs Services, Inc.," which held petitioner Loadmasters Customs Services, Inc. (Loadmasters) liable to respondent Glodel Brokerage Corporation (Glodel) in the amount of P1,896,789.62 representing the insurance indemnity which R&B Insurance Corporation (R&B Insurance) paid to the insured-consignee,...