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Fernando Medical Enterprises, Inc. vs. Wesleyan University of The Philippines, Inc PDF
Fernando Medical Enterprises, Inc. vs. Wesleyan University of The Philippines, Inc PDF
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* FIRST DIVISION.
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BERSAMIN, J.:
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the mate-
511
The Case
Antecedents
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512
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the respondent.11
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513
xxxx
2. On January 9, 2006, plaintiff supplied
defendant with hospital medical equipment for an in
consideration of P18,625,000.00 payable in the
following manner: (2.1) For nos. 1 to 9 of items to be
sourced from Fernando Medical Equipment, Inc.
(FMEI) · 30% down payment of P17,475,000 or
P5,242,500 with the balance of P12,232,500 or 70%
payable in 24 equal monthly installments of
P509,687.50 and (2.2.) cash transaction amounting to
P1,150,000.00 (2.3) or an initial cash payment of
P6,392,500.00 with the remaining balance payable in
24 equal monthly installments every 20th day of each
month until paid, as stated in the Memorandum of
Agreement, copy of which is hereto attached as Annex
„A‰;
3. On July 5, 2006, plaintiff installed defendants
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515
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2. The allegations in Paragraph Nos. 2, 3, 4, and
5 of the complaint are ADMITTED subject to the
special and affirmative defenses hereafter pleaded;
3. The allegations in Paragraph Nos. 6, 7 and 8 of
the complaint are DENIED for lack of knowledge or
information sufficient to form a belief as to the truth
or falsity thereof, inasmuch as the alleged
transactions were undertaken during the term of
office of the past officers
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516
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Judgment of the CA
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22 CA Rollo, p. 106.
23 Id., at pp. 103-105.
24 Id., at p. 102.
25 Id., at pp. 3-20.
518
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519
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520
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27 Id.
521
Issue
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31 Section 7, id.
32 Section 8, id.
33 Dino v. Valencia, G.R. No. 43886, July 19, 1989, 175 SCRA 406,
414.
34 G.R. No. 183034, March 12, 2014, 718 SCRA 636.
524
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36 J.P. Juan & Sons, Inc. v. Lianga Industries, Inc., No. L-25137, July
28, 1969, 28 SCRA 807, 809-812.
37 ManufacturerÊs Bank & Trust Co. v. Diversified Industries, Inc.,
G.R. No. 33695, May 15, 1989, 173 SCRA 357, 364.
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