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What is Kalalo v. Luz: Payment Dispute Ruling about?

This case involves a dispute over payment between an engineer, Mr. Kalalo, and an architect, Mr. Luz. Mr. Kalalo provided engineering design services to Mr. Luz from 1959-1961. Their initial agreement stipulated part of the payment in dollars. However, a law passed in 1950 prohibits payment in foreign currency. The court ruled that while the initial agreement called for dollars, the law requires payment in pesos using the prevailing free market exchange rate at the time of payment, not the lower fixed rate.

Author

luigimanzanares

Language

EN