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The Supreme Court ruled that the contract between Visayan Sawmill Company and RHJ Trading was a contract to sell, not a contract of sale, as the obligation to sell was subject to the suspensive condition of RHJ opening an irrevocable letter of credit. RHJ failed to meet this condition, so the contract was not perfected. The Court also ruled that moral and exemplary damages awarded by lower courts were excessive, as RHJ

Author

Aphr

Language

EN