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Contract of Sale in Giporlos Project by Karen Faye Torrecampo is a document available to read on EtoBox.

What is Contract of Sale in Giporlos Project about?

The document discusses a case between Industrial Enterprises, Inc. (IEI) and Philippine National Bank (PNB) regarding a coal operating contract. IEI entered into a memorandum of agreement (MOA) assigning its rights in the coal operating contract to Marinduque Mining and Industrial Corporation (MMIC). IEI claimed the MOA was a contract of sale, while PNB argued it was merely an assignment. The Supreme Court ruled the MOA was a contract of sale as it transferred ownership of the determinate coal operating con

Author

Karen Faye Torrecampo

Language

EN