Can I read Eastern Rizal Fabricators Appeal Ruling on EtoBox?
Eastern Rizal Fabricators Appeal Ruling by Claudine Allyson Dungo is a document available to read on EtoBox.
What is Eastern Rizal Fabricators Appeal Ruling about?
The Bank sued Eastern for not repaying a P370K loan evidenced by a promissory note. Eastern claimed the Bank agreed to delay collection until Eastern received payment from a supplier, but the trial court rejected this defense based on the parol evidence rule. The Supreme Court ruled that while the rule bars contradicting a written contract with oral evidence, it does not prohibit proving a later modification to the contract terms. Therefore, Eastern should have been allowed to present evidence of the allege
- Author
- Claudine Allyson Dungo
- Language
- EN