G.R. No. 12611 – 38 Phil. 424 – Civil Law – Obligations and Contracts – Obligations of Parties – How Extinguished – Prescription In 1897, one Anastasio Cruz incurred a P2,730.50 loan from Marcela Mariño, wife of Felipe Agoncillo. Cruz however died. Later, in February 1904, the heirs of Cruz, […]
Obligations and Contracts
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G.R. No. L-22710 – 20 SCRA – Civil Law – Obligations and Contract – Extinguished Obligation Via Payment Cannot Be Revived From 1951 to 1952, Philippine Ready-Mixed Concrete Co., Inc. (PRMCCI) undertook to build roads for the government. PRMCCI is to get its payment from the Bureau of Public Works. On […]
G.R. No. 138945 – 409 SCRA 306 – Civil Law – Obligations and Contract – Void Contracts – Lack of Consent In 1966, Dorotea Inot and 2 of her children, Victoriano Baba and Gregorio Baba sold a parcel of land to Felix Gochan and Sons Realty Corporation (Gochan Realty). Consequently, […]
G.R. NO. 158227 – 473 SCRA 372 – Civil Law – Law on Sales – Contract to Sell vs Contract of Sale Civil Law – Obligations and Contracts – Positive Suspensive Condition Project Movers Realty and Development Corporation (PMRDC) owe P200M to Keppel Bank Philippines, Inc. By way of dacion en […]
G.R. No. L-7817 – 100 Phil 168 – Civil Law – Torts and Damages – Obligations arising from human relations Prior to 1948, Commercial Airlines (CALI) owed P170k (abt. $79k) to Shell Company. CALI offered its C-54 plane as payment to Shell Company (the plane was in California) but Shell at that […]
G.R. No. 80645 – Civil Law – Law on Sales – Conditional Sale – Specific Performance Obligations and Contracts – Suspensive Condition In July 1976, the Buenaventura siblings sold two parcels of land to Marcelino and Guadalupe Galang. The terms of the sale are as follows: 1. Galang shall pay […]
G.R. No. 135046 – 312 SCRA 611 (110 SCAD 964) – Civil Law – Obligations and Contracts – Interest – Extinction of Obligations; Novation – CB Circular 905 In 1978, Spouses Laarni and Florante Bautista, acquired a loan (abt. P100k) from Apex Corp. The spouses executed a promissory note (PN) […]
G.R. No. 164159 – 527 SCRA 727 – Civil Law – Obligations and Contracts – Dacion en Pago – Indebtedness – CB Circular 905 – Interest Rate In 1988, Honorio Bulos, Jr., Atty. Tabalingcos and Dr. Lim incurred a P2.5M loan from Koji Yasuma, a Japanese national. The terms of […]