Professional Documents
Culture Documents
Facts:
Issue: WON the nature of the contract of Francisco and Andres is commodatum.
Ruling:
Republic vs Unimex
Facts:
After the shipment arrived in the Port of Manila, the Bureau of Customs
(BOC) agents discovered that it did not tally with the description appearing
paid.
Hence, BOC is ordered to pay respondent the value of the subject
shipment in the amount of Euro 669,982.565. Petitioners liability may be
paid in Philippine currency, computed at the exchange rate prevailing at
the time of actual payment.
MELVIN
CITIBANK VS SABENIANO
Facts:
Issue: WON the payment of Citibank to the respondent constitutes the nature
of mutuum.
Ruling:
Yes, it must be noted that mutuum is a contract whereby one of the parties
delivers to another a money or other consumable thing with the understanding
that the same amount of the same kind and quality shall be paid.
In this case, Citibank is ordered to return to respondent the principal amount
of P318,897.34 and P203,150.00 plus 14.5% per annum. The remittance of US
$149,632.99 from respondents Citibank-Geneva account is declared illegal,
thus Citibank is ordered to refund said amount in Philippine currency or its
equivalent using exchange rate at the time of payment.