VILLANUEVA VS. SECRETARY OF JUSTICEG.R. No. 162187. November 18, 2005.Facts:Refractories Corporation of the Philippines (RCP), representedby its Senior Vice President Criste Villanueva, the petitioner, andAssistant General Manager Jesus Borgonia, had a conference withHamburg Trading Corporation (HTC), represented by its PresidentHorst-Kessler Von Sprengeisen, the private respondent, and SalesManager Dennis Gonzales. The conference ensued to come up withan agreement that HTC shall reform its price policy of itsimportation and sale of refractory bricks from Germany to conformto the provision of RA 7843.Thereafter, Borgonio prepared the compromised agreementwhich was signed by Borgonio and petitioner. It was delivered to theprivate respondent for signature, but it was not signed. Borgoniorevised the agreement by inserting the phrase “based on thefindings of the BIS” and then signed by Borgonio and petitioner. Itwas delivered to the private respondent and then it was signed byhim.