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Excelsa Industries, Inc. Vs. Court Of Appeals, Et Al.

EXCELSA INDUSTRIES, INC., petitioner, vs. COURT OF APPEALS, ASIAN ALCOHOL CORPORATION, SPOUSES RODOLFO V. ZULUETA and GERMAINE R. ZULUETA and BRIQUETTED DIAMOND CORPORATION, respondents.

G.R. No. 105455 | 1995-08-23

D E C I S I O N


KAPUNAN, J.:

This is a petition for review on certiorari under Rule 45 of the Revised Rules of Court to reverse and set aside the decision of the Court of Appeals in CA-G.R. No. 28825 dated 11 March 1992 and its resolution dated 14 May 1992 denying petitioner's motion for reconsideration.

The antecedent facts are not disputed.

On 19 March 1985, private respondent Asian Alcohol Corporation (hereinafter referred to as AAC) entered into an agreement, 1 with petitioner for the purchase of a coal briquetting machine for 1,500,000.00 with P450,000.00 as downpayment and the balance of P1,050,000.00 to be paid in eight (8)...