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Mercury Drug Corp. Vs. Republic Surety & Insurance Co Inc

MERCURY DRUG CORPORATION, Petitioner, versus REPUBLIC SURETY AND INSURANCE COMPANY, INC., Respondent.

G.R. No. 164728 | 2007-11-23

DECISION


QUISUMBING, J.:

This petition for review assails the Decision[1] dated April 21, 2004 of the Court of Appeals in CA-G.R. CV No. 70727, which had affirmed the Decisions dated August 11, 2000[2] and February 27, 2001[3] of the Regional Trial Court (RTC), Branch 23, Manila. Also assailed is the Resolution[4] of the Court of Appeals dated July 14, 2004, which had denied petitioner's motion for reconsideration.

The pertinent facts of the case are as follows:

On January 27, 1995, respondent Republic Surety and Insurance Company, Inc. (hereafter, Surety) leased to petitioner Mercury Drug Corporation (Mercury), for a period of 10...