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National Steel Corporation vs. Regional Trial Court of Lanao Del Norte, Br. 2, Iligan City
National Steel Corporation vs. Regional Trial Court of Lanao Del Norte, Br. 2, Iligan City
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Case Title:
NATIONAL STEEL CORPORATION,
petitioner, vs. THE REGIONAL TRIAL
COURT OF LANAO DEL NORTE, VOL. 304, MARCH 11, 1999 595
BRANCH 2, ILIGAN CITY and E.
National Steel Corporation vs. Regional Trial Court
WILLKOM ENTERPRISES, INC., of Lanao del Norte, Br. 2, Iligan City
respondents.
Citation: 304 SCRA 595 *
G.R. No. 127004. March 11, 1999.
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* THIRD DIVISION.
596
ing party has the burden of proving the existence of any of the
grounds for vacating the award, as provided for by Section 24 of
the Arbitration Law.
597
598
PURISIMA, J.:
599
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600
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2 Page 171 of Rollo, page 13 of the RTC decision.
601
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602
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603
604
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605
606
606 SUPREME COURT REPORTS ANNOTATED
National Steel Corporation vs. Regional Trial Court
of Lanao del Norte, Br. 2, Iligan City
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Should Owner fail to (i) inspect the Work (ii) or having inspected the same, fails
to issue the Letter of Acceptance or a letter specifying any objections to the
Works delivered as would require any part(s) of the Work to be re-corrected or re-
done, then Owner shall be conclusively presumed to have issued such Letter of
Acceptance with all the legal effects as if the Letter of Acceptance has been
issued. (Annex „A,‰ Contract for Site Development,‰ pages 71-72 of Rollo)
607
10
forebearance of credits or goods is 6% per annum in the
absence of any stipulation to the contrary.
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608
609
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No pronouncement as to costs.
SO ORDERED.
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611
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