About this document
Pan Pacific vs. Equitable PCI Bank Case by Denise Jane Duenas is a document available to read on EtoBox.
1) Pan Pacific Service Contractors entered into a contract with Equitable PCI Bank for mechanical works. Pan Pacific claimed a price adjustment due to increased labor costs, but Equitable withheld payment. 2) Due to financial difficulties, Pan Pacific took out a loan from Equitable secured by a promissory note. Pan Pacific argued the loan was meant to cover the price adjustment. 3) Pan Pacific sued to nullify the promissory note. The RTC ruled in Pan Pacific
- Author
- Denise Jane Duenas
- Language
- EN