G.R. No. 214406. February 6, 2017.
FACTS
BP Oil filed a Complaint for Sum of Money against Total Distribution & Logistic Systems, Inc. (TDLSI) seeking to recover the sum of P3, 6440,351.79. The amount represents the total value of the moneys, stock and accounts receivables that TDLSI has allegedly refused to return to BP Oil arising from the termination of the Agency Agreement.
The RTC ruled in favor of BP Oils. The CA, reversed and set aside the decision on the ground that the admission made by TDLSI in Exhibit “J,” that it was withholding moneys, receivables and stocks from petitioner, has no evidentiary weight, thus, petitioner was not able to preponderantly establish its claim.