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Gaisano Cagayan, Inc. vs. Insurance Co. of North America, 490 SCRA 286

GAISANO CAGAYAN, INC.Petitioner, versus INSURANCE COMPANY OF NORTH AMERICA, Respondent.

G.R. No. 147839 | 2006-06-08

FIRST DIVISION

D E C I S I O N 


AUSTRIA-MARTINEZ, J.: 

Before the Court is a petition for review on certiorari of the Decision[1] dated October 11, 2000 of the Court of Appeals (CA) in CA-G.R. CV No. 61848 which set aside the Decision dated August 31, 1998 of the Regional Trial Court, Branch 138, Makati (RTC) in Civil Case No. 92-322 and upheld the causes of action for damages of Insurance Company of North America (respondent) against Gaisano Cagayan, Inc. (petitioner); and the CA Resolution dated April 11, 2001 which denied petitioner's motion for reconsideration. 

The factual background of the case is as follows: 

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