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Filinvest Land, Inc. vs. Hon. Court of Appeals, et al

FILINVEST LAND, INC., Petitioner, versus HON. COURT OF APPEALS, PHILIPPINE AMERICAN GENERAL INSURANCE COMPANY, and PACIFIC EQUIPMENT CORPORATION, Respondents.

G.R. No. 138980 | 2005-09-20

SECOND DIVISION

D E C I S I O N 

CHICO-NAZARIO, J.: 

This is a petition for review on certiorari of the Decision[1] of the Court of Appeals dated 27 May 1999 affirming the dismissal by the Regional Trial Court of Makati, Branch 65,[2] of the complaint for damages filed by Filinvest Land, Inc. (Filinvest) against herein private respondents Pacific Equipment Corporation (Pecorp) and Philippine American General Insurance Company. 

The essential facts of the case, as recounted by the trial court, are as follows: 

On 26 April 1978, Filinvest Land, Inc. ("FILINVEST", for brevity), a corporation engaged in the development and...