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Cargill Philippines, Inc. vs. San Fernando Regala Trading, Inc.

CARGILL PHILIPPINES, INC., Petitioner, vs. SAN FERNANDO REGALA TRADING, INC., Respondent.

G.R. No. 175404 | 2011-01-31

SECOND DIVISION
 
D E C I S I O N
 
PERALTA, J.:
 
Before us is a petition for review on certiorari seeking to reverse and set aside the Decision1 dated July 31, 2006 and the Resolution2 dated November 13, 2006 of the Court of Appeals (CA) in CA G.R. SP No. 50304.
 
The factual antecedents are as follows:
 
On June 18, 1998, respondent San Fernando Regala Trading, Inc. filed with the Regional Trial Court (RTC) of Makati City a Complaint for Rescission of Contract with Damages3 against petitioner Cargill Philippines, Inc. In its Complaint, respondent alleged that it was engaged in buying and...