About this document
Admissibility of Surety Agreement in Court by Jenny is a document available to read on EtoBox.
The document summarizes a Supreme Court case regarding a collection dispute between Filipinas Textile (Filtex), its surety Villanueva, and SIHI bank. SIHI issued letters of credit to Filtex to purchase materials, which Filtex did not fully pay. SIHI sued. The Court ruled that: 1) documents like letters of credit and trust receipts were admissible despite missing tax stamps as Filtex admitted their authenticity; 2) it would not re-evaluate factual claims of payment; and 3) the surety agreement was valid as F
- Author
- Jenny
- Language
- EN