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Jose Peneyra, et al. Vs. Intermediate Appeellante Court, et al.

JOSE PENEYRA and MILAGROS CALDERON, petitioners, vs. HON. INTERMEDIATE APPELLATE COURT and HONORABLE GODOFREDO RILLORAZA, respondents. Emilio O. Gacad, Jr. for petitioners. Hector B. Almeyda for private respondent.

G.R. No. 68935 | 1990-01-22

D E C I S I O N

FERNAN, C.J:

We modify the decision 1 rendered on September 28, 1984 by the then Intermediate Appellate Court (IAC), now Court of Appeals, in AC-G.R. S.P. No. 03509 entitled, "Jose Peneyra, et al. vs. Hon. Godofredo G. Rilloraza, et al."

The antecedent facts are undisputed:

On May 7, 1976, the Board of Trustees of the Corregidor College Inc. awarded the management and operation of its canteen at a monthly rental of P80.00 to petitioners herein who are stockholders of the said College. Subsequently, upon instructions of Eulogio Dizon, Chairman of the Board of Trustees of Corregidor College, Inc., the rental payments of...