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What is Supreme Court Ruling on Partnership Dispute about?

The Supreme Court of the Philippines reviewed a decision of the Court of Appeals regarding a dispute between Isabelo Moran Jr. and Mariano Pecson over a failed partnership venture. The Court of Appeals had ordered Moran to pay Pecson various damages. However, the Supreme Court found that the award of P47,500 in expected profits was too speculative given that the partnership venture was a failure from the start and there was no evidence it would have been profitable. The Supreme Court also noted that both pa

Author

Jeremiah Reynaldo

Language

EN