Can I read Ocejo Perez vs. International Bank Case on EtoBox?

Ocejo Perez vs. International Bank Case by Ria Gabs is a document available to read on EtoBox.

What is Ocejo Perez vs. International Bank Case about?

Ocejo, Perez and Co. sold 5,000 piculs of sugar to Chua Teng Chong, delivering it to his warehouse. When Ocejo demanded payment the next day, Chua refused. International Bank had a promissory note from Chua secured by the sugar. When Chua defaulted on the note, the Bank seized 3,200 piculs from the warehouse. Ocejo sued, claiming the sugar was theirs. The court held that since the contract did not specify when payment was due, Ocejo could rescind the sale for non-payment when demanded. The Bank

Author

Ria Gabs

Language

EN