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Cellpage International Corp. vs. The Solid Guaranty, Inc.

CELLPAGE INTERNATIONAL CORPORATION, PETITIONER, VS. THE SOLID GUARANTY, INC., RESPONDENT.

G.R. No. 226731 | 2020-06-17

FIRST DIVISION
 
 
DECISION
 
REYES, J. JR., J.:
 
This resolves the Petition[1] for Review on Certiorari under Rule 45 of the Revised Rules of Court, seeking the reversal of the Decision[2] dated June 9, 2016 and the Resolution[3] dated August 25, 2016 issued by the Court of Appeals (CA) in CA-G.R. CV No. 100565.
 
The Facts

Cellpage International Corp. (Cellpage) approved Jomar Powerhouse Marketing Corporation's (JPMC) application for credit line for the purchase of cellcards, with a condition that JPMC will provide a good and sufficient bond to guaranty the payment of the purchases. In...