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Phil-AirCon vs. RCJ Lines Payment Dispute by Lindolf de Castro is a document available to read on EtoBox.

What is Phil-AirCon vs. RCJ Lines Payment Dispute about?

Phil-AirCon sold four air conditioning units to RCJ Lines for 1.24 million pesos, but RCJ only paid 400,000 pesos. Phil-AirCon filed for a preliminary attachment when RCJ failed to pay the remaining 840,000 pesos. The court granted the attachment but later lifted it when RCJ posted a counter bond. The Court of Appeals held Phil-AirCon liable for the premium paid on the counter bond. However, the Supreme Court ruled that Phil-AirCon is not directly liable because the attachment bond, not Phil-AirCon, is resp

Author

Lindolf de Castro

Language

EN