As of April 30, 2002, MCMP owed Monark the amount of PhP1,282,481.83, broken down as follows: chanroblesvirtuallawlibrary Upon demands made upon MCMP to pay the amount due, partial payments were made in the amount of PhP100,000.00 on Apand PhP100,000.00 on August 15, 2001. Customer agrees to pay a sum equal to 25% of any amount due as attorney's fees in case of suit, and expressly submit to the jurisdiction of the courts of Quezon City, Makati, Pasig or Manila, Metro Manila, for any legal action arising from, this transactions."ĭespite the lapse of the thirty (30)-day period indicated in the invoices, MCMP failed to pay the rental fees. In addition, customer agrees to pay a collection fee of 1% compounded monthly and 2% per month penalty charge for late payment on amounts overdue. Customer agrees to pay interest at 24% p.a. "Credit sales are payable within 30 days from the date of invoice.
Notably, the invoices state: chanroblesvirtuallawlibrary 046, received and signed by representatives of MCMP, namely, Jorge Samonte on Decemand Rose Takahashi on January 29, 2001, respectively. Thus, Monark delivered five (5) pieces of heavy equipment to the project site of MCMP in Tanay, Rizal and Llavac, Quezon, the delivery evidenced by invoices as well as Documents Acknowledgment Receipt Nos. MCMP Construction Corporation (MCMP) leased heavy equipment from Monark Equipment Corporation (Monark) for various periods in 2000, the lease covered by a Rental Equipment Contract (Contract). The facts of the case are as follows: chanroblesvirtuallawlibrary Q-02-47092 entitled Monark Equipment Corporation v.
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The CA Decision affirmed the Decision dated Novem4 and Order dated Ap5 issued by the Regional Trial Court, Branch 96 in Quezon City (RTC) in Civil Case No. 91860 entitled Monark Equipment Corporation v. The petition seeks the reversal of the Decision dated Octo2 and Resolution dated Ma3 issued by the Court of Appeals (CA) in CA G.R. For consideration of the Court is a Petition for Review on Certiorari dated Ap1 filed by MCMP Construction Corp.
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