4/9/2020 E-Library - Information At Your Fingertips: Printer Friendly physician if the former is dated seven to eight months earlier than the latter -- there would be no basis for comparison at all. Furthermore, petitioner voluntarily executed a release and quitclaim in respondents’ favor right after the assessment of the company-designated physician and receipt of his sickness allowance. Indeed, quitclaims executed by employees are commonly frowned upon as being contrary to public policy. But where the person making the waiver has done so voluntarily, with a full understanding thereof, and the consideration for the quitclaim is credible and reasonable, the transaction must be recognized as being a valid and binding undertaking.[37] Contrary to petitioner’s contention, the amount of US$1,136.67 he received is reasonable enough to cover his sickness allowance for two months of treatment under the care of respondents’ physician. We, therefore, find no reason to invalidate the quitclaim. In sum, we hold that the CA did not err in denying petitioner’s claim for disability compensation as no adequate and credible evidence was submitted to show entitlement to the same. As we have consistently held, awards for compensation cannot be made to rest on mere speculations and presumptions.[38] WHEREFORE, the petition is DENIED. The assailed Decision dated February 17, 2006 and Resolution dated August 1, 2006 of the Court of Appeals in CA-G.R. SP No. 89112 are AFFIRMED. SO ORDERED. Corona, C.J., (Chairperson), Leonardo-De Castro, Bersamin, and Villarama, JJ., concur. [1] Rollo, pp. 26-51. [2] CA rollo, pp. 238-248; penned by Associate Justice Hakim S. Abdulwahid and concurred in by Associate Justices Elvi John S. Asuncion and Estela M. Perlas-Bernabe (now a member of this Court). [3] Id. at 271. [4] Id. at 38-44; penned by Commissioner Angelita A. Gacutan and concurred in by Presiding Commissioner Raul T. Aquino and Commissioner Victoriano R. Calaycay. [5] Id. at 45-48. [6] Id. at 49-53. [7] Id. at 85. elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/54687 10/12

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