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Alfredo Montelibano, Et Al. Vs. Court Of Appeals, Et Al.

ALFREDO MONTELIBANO and ALEJANDRO MONTELIBANO, petitioners, vs. THE HON. COURT OF APPEALS and BACOLOD-MURCIA MILLING COMPANY, INC., respondents. Ledesma, Saludo & Associates for petitioners. Antonio P. Barredo for private respondent.

G.R. No. 85757 | 1991-07-08

D E C I S I O N


GRIá'O-AQUINO, J.:

The petitioners seek a review of the decision dated October 19, 1988 of the Court of Appeals which reversed the decision in their favor of the Regional Trial Court of Negros Occidental, Branch XLVII in Civil Case No. 8134 entitled, "Alfredo Montelibano and Alejandro Montelibano vs. Bacolod-Murcia Milling Co., Inc."

In 1919, Alfredo and Alejandro Montelibano, together with other planters, entered into contracts with Bacolod-Murcia Milling Co., Inc., for the milling of sugar cane at a sharing ratio of 55% for the planters and 45% for the miller.

The contracts were to be in force for thirty (30) years...