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Lara's Gifts & Decors, Inc. vs. Midtown Industrial Sales, Inc.

LARA'S GIFTS & DECORS, INC., PETITIONER, VS. MIDTOWN INDUSTRIAL SALES, INC. RESPONDENT.

G.R. No. 225433 | 2022-09-20

RESOLUTION
 
LEONEN,**J.:
 
For resolution is respondents' Motion for Reconsideration[1] of this Court's August 28, 2019 Decision,[2] which denied the Petition of Lara's Gifts & Decors, Inc. and affirmed the Court of Appeals' Decision[3] with modification as to damages.

As recalled from the facts of the Petition,[4] Lara's Gifts & Decors, Inc. (Lara's Gifts) purchased from Midtown Industrial Sales, Inc. (Midtown) various industrial and construction materials, from January to December 2007, in the total amount of P1,263,104.22.

The purchases were on a 60-day credit term, subject to the...