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PCI Leasing & Finance Inc. Vs. UCPB General Insurance Co. Inc.

PCI LEASING AND FINANCE, INC., Petitioner, versus UCPB GENERAL INSURANCE CO., INC., Respondent.

G.R. No. 162267 | 2008-07-04

D E C I S I O N


AUSTRIA-MARTINEZ, J.:

Before the Court is a Petition for Review on Certiorari under Rule 45 of the Rules of Court, seeking a reversal of the Decision[1] of the Court of Appeals (CA) dated December 12, 2003 affirming with modification the Decision of the Regional Trial Court (RTC) of Makati City which ordered petitioner and Renato Gonzaga (Gonzaga) to pay, jointly and severally, respondent the amount of P244,500.00 plus interest; and the CA Resolution[2] dated February 18, 2004 denying petitioner's Motion for Reconsideration.

The facts, as found by the CA, are undisputed:

On October 19, 1990 at about 10:30 p.m., a...