Perla was a fare-paying passenger aboard a bus operated by Visayas Transit Corporation. Due to the reckless driving of Renato, the company's regular driver, the bus sideswiped a highway barrier at high speed, causing Perla to suffer a fractured arm and multiple lacerations that required hospitalization and surgery. Perla filed an action for damages against Visayas Transit Corporation and Renato. The Regional Trial Court awarded Perla PHP 250,000.00 as actual damages for medical expenses and PHP 150,000.00 as moral damages. Visayas Transit Corporation filed a motion for partial reconsideration, arguing that moral damages may be awarded in quasi-delict cases only when the defendant acted with fraud or bad faith, and that recklessness alone is insufficient to justify such an award. Is Visayas Transit Corporation's argument correct? (Bar 2026 Syllabus)