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Mercado vs. SMC: Compulsory Counterclaim by Chase Daclan is a document available to read on EtoBox.

What is Mercado vs. SMC: Compulsory Counterclaim about?

Leonides Mercado distributed beer products for San Miguel Corporation (SMC) since 1967. In 1991, SMC extended Mercado a ₱7.5 million credit line to purchase goods, which Mercado secured by assigning bank certificates and surety bonds. In 1992, SMC claimed Mercado defaulted and collected on the security. Mercado sued to annul the security agreements. SMC counterclaimed for the outstanding ₱7.4 million that Mercado owed. The trial court dismissed Mercado

Author

Chase Daclan

Language

EN