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Jose Marques, et al. vs. Far East Bank and Trust Company, et al. / Far East Bank and Trust Company, et al. Vs. Jose Marques, et al.

JOSE MARQUES and MAXILITE TECHNOLOGIES, INC., Petitioners, vs. FAR EAST BANK AND TRUST COMPANY, FAR EAST BANK INSURANCE BROKERS, INC., and MAKATI INSURANCE COMPANY, Respondents. ------------------------------------------------------------------------------------ FAR EAST BANK AND TRUST COMPANY and MAKATI INSURANCE COMPANY, Petitioners, vs. JOSE MARQUES and MAXILITE TECHNOLOGIES, INC., Respondents.

G.R. No. 171379 / G.R. No. 171419 | 2011-01-10

SECOND DIVISION

D E C I S I O N

 

CARPIO, J.:

The Case

 

These consolidated petitions for review1 assail the 31 May 2005 Decision2 and the 26 January 2006 Resolution3 of the Court of Appeals-Cebu City in CA-G.R. CV No. 62105. The Court of Appeals affirmed with modifications the 4 September 1998 Decision4 of the Regional Trial Court of Cebu City, Branch 58, in Civil Case No. CEB-18979.

 

The Facts

 

Maxilite Technologies, Inc. (Maxilite) is a domestic corporation engaged in the importation and trading of equipment for energy-efficiency systems. Jose N. Marques (Marques) is the President and controlling...