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RP v. Philippine Resources Development Corporation G.R. No. L-10141 January 31, 1958 Ponente: Padilla, J. Facts

The Bureau of Prisons sued Macario Apostol for unpaid logs. Without the corporation's consent, Apostol delivered the corporation's goods to the Bureau to settle his personal debt. The corporation demanded return of the goods from the Bureau. The issue was whether "price" must be paid in money. The Court held that under Article 1458, the price does not need to be in money, as materials can be assigned a money value and used as payment.

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85 views1 page

RP v. Philippine Resources Development Corporation G.R. No. L-10141 January 31, 1958 Ponente: Padilla, J. Facts

The Bureau of Prisons sued Macario Apostol for unpaid logs. Without the corporation's consent, Apostol delivered the corporation's goods to the Bureau to settle his personal debt. The corporation demanded return of the goods from the Bureau. The issue was whether "price" must be paid in money. The Court held that under Article 1458, the price does not need to be in money, as materials can be assigned a money value and used as payment.

Uploaded by

Dennis Castro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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RP v.

Philippine Resources Development Corporation


G.R. No. L-10141; January 31, 1958
Ponente: Padilla, J.

Facts:
The Bureau of Prisons instituted a complaint against Macario Apostol for the latter’s failure to
pay the unpaid balance for logs purchased. Apostol, who was then the president of the
respondent corporation, delivered goods belonging to the corporation and without the
knowledge or consent of the stockholders thereof, to the Bureau of Prisons in an attempt to
settle his personal debts with the latter entity. The corporation demanded the Bureau of Prisons
for the return of the goods. Upon the refusal of the Bureau, the corporation filed a motion to
intervene.

Issue:
Whether or not “price” is limited only to be paid in money

Held:
No. Article 1458 provides that the purchaser may pay “a price certain in money or its
equivalent,” which means that they meant of the price need not be in money. In this case, the
materials have been assessed and evaluated and their price equivalent in terms of money have
been determined and that said materials for whatever price they have been assigned were
considered as tokens of payment.

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