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Artex Development v. Wellington Insurance, 51 SCRA 352

ARTEX DEVELOPMENT CO., INC., plaintiff-appellee, vs. WELLINGTON INSURANCE CO., INC., defendant-appellant.

G.R. No. L-29508 | 1973-06-27

EN BANC


TEEHANKEE,J.:

In this appeal from the decision of the court of first instance of Rizal at Caloocan city, the Court reiterates the establish doctrine that a third party not privy to a contract that contains no stipulationspour autruiin its favor may not sue enforcement of the contract.

Hence, in this case where the lower court ordered defendant insurer to pay plaintiff-insured the balance of the insured property loss of P3,624,683.43 and its ascertained business interruption loss of P1,748,460.00 with interest and attorney's fees, the Court affirms the correctness of the lower court's ruling that it is no defense for the insurer as...