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Spouses Yu vs. Ngo Yet Te

SPOUSES GREGORIO and JOSEFA YU, Petitioners, versus NGO YET TE, doing business under the name and style, ESSENTIAL MANUFACTURING, Respondent.

G.R. No. 155868 | 2007-02-06

D E C I S I O N 
 
AUSTRIA-MARTINEZ, J.: 
 
Before us is a Petition for Review on Certiorari under Rule 45 of the Rules of Court assailing the March 21, 2001 Decision[1] of the Court of Appeals (CA) in CA-G.R. CV No. 52246[2] and its October 14, 2002 Resolution.[3] 
 
The antecedent facts are not disputed. 
 
Spouses Gregorio and Josefa Yu (Spouses Yu) purchased from Ngo Yet Te (Te) bars of detergent soap worth P594,240.00, and issued to the latter three postdated checks [4] as payment of the purchase price. When Te presented the checks at maturity for encashment, said checks were returned dishonored and...