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Wenceslao vs RTCC

D.M. WENCESLAO and ASSOCIATES, INC., and/or DOMINADOR S. DAYRIT, petitioners, vs. READYCON TRADING AND CONSTRUCTION CORP., respondent.

G.R. No. 154106 | 2004-06-29

D E C I S I O N




QUISUMBING, J.:

This petition for review assails the decision[1] of the Court of Appeals, dated January 30, 2002, as well as its resolution[2] dated June 20, 2002 in CA-GR CV No. 49101, denying petitioners' motion for reconsideration. The appellate court affirmed the decision[3] of the Regional Trial Court of Pasig City, Branch 165, in Civil Case No. 61159, ordering petitioners to pay the sum of P1,014,110.45 with interest rate of 12% per annum (compounded annually) from August 9, 1991, the date of filing of the complaint, until fully paid to Readycon Trading and Construction Corp., plus damages.

Petitioner D.M....