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Yu vs. Basilio G. Magno Construction and Development Enterprises, Inc

SPOUSES ROQUE YU, SR. and ASUNCION YU and LEYTE LUMBER YARD & HARDWARE CO., INC., Petitioners, versus BASILIO G. MAGNO CONSTRUCTION AND DEVELOPMENT ENTERPRISES, INC. and THE ESTATE OF BASILIO G. MAGNO, Respondents.

G.R. Nos. 138701-02 | 2006-10-17

SECOND DIVISION
 
DECISION
 
GARCIA, J.
 
In this petition for review under Rule 45 of the Rules of Court, the spouses Roque Yu, Sr. and Asuncion Yu, with co-petitioner Leyte Lumber Yard & Hardware, Co., Inc., (Leyte Lumber) assail and seek to set aside the consolidated Decision[1] dated October 20, 1998 of the Court of Appeals (CA) in CA-G.R. CV Nos. 43714 and 43715, as reiterated in its Resolution[2] of May 11, 1999, denying the petitioners' motion for reconsideration. CA-G.R. CV No. 43714 is an appeal by the spouses Roque Yu, Sr. and Asuncion Yu from the decision of the Regional Trial Court (RTC) of Tacloban City...