DISPOSITIVE:
SUBJECTS/DOCTRINES/DIGEST:
WHAT HAPPENED IN THIS CASE?
PETITIONERS ENTERED INTO TRUST RECEIPT AGREEMENT WITH BDO. A NEW AGREEMENT WAS EXECUTED REVISING THE SCHEDULE OF PAYMENT. PETITIONERS CLAIM THEY CANNOT BE ACCUSED OF ESTAFA UNDER THE OLD AGREEMENT BECAUSE IT WAS ALREADY NOVATED OR SUPERSEDED BY A NEW AGREEMENT. SUPREME COURT SAID THERE IS NO NOVATION. THE NEW SCHEDULE OF PAYMENT IS MERELY SUPPLEMENTARY TO THE ORIGINAL OBLIGATION.
TO READ THE DECISION, JUST CLICK/DOWNLOAD THE FILE BELOW. IF FILE DOES NOT APPEAR ON SCREEN GO TO DOWNLOAD. IT IS THE FIRST ITEM. OPEN IT.
NOTE: TO RESEARCH ON A TOPIC IN YAHOO OR GOOGLE SEARCH JUST TYPE “attybulao and the topic”. EXAMPLE: TO RESEARCH ON FORUM SHOPPING JUST TYPE “attybulao and forum shopping”.
J.A.B. Bulao & Associates 