Lo vs. KJS Eco Formwork System Phil. Inc.
Lo vs. KJS Eco Formwork System Phil. Inc.
Lo vs. KJS Eco Formwork System Phil. Inc.
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G.R. No. 149420. October 8, 2003.
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* FIRST DIVISION.
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YNARES-SANTIAGO, J.:
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5
with the true intent and meaning of these presents. x x x (Italics
supplied)
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5 Records, p. 142.
6 TSN, April 28, 1993, p. 25.
7 Exhibit “C,” Records, p. 139.
8 Records, pp. 1-6.
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II
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III
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as equivalent of payment of an outstanding debt. In order
that there be a valid dation in payment, the following are
the requisites: (1) There must be the performance of the
prestation in lieu of payment (animo solvendi) which may
consist in the delivery of a corporeal thing or a real right or
a credit against the third person; (2) There must be some
difference between the prestation due and that which is
given in substitution (aliud pro alio); (3) There must be an
agreement between the creditor and debtor that the
obligation is immediately extinguished by reason of 17
the
performance of a prestation different from that due. The
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The vendor in good faith shall be responsible for the existence and
legality of the credit at the time of the sale, unless it should have
been sold as doubtful; but not for the solvency of the debtor,
unless it has been so
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(1) Obligations and actions which have for their object movables or demandable sums, and x
x x.
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21 Civil Code, Art. 1278. Compensation shall take place when two
persons, in their own rights, are creditors and debtors of each other.
22 Records, p. 143.
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