G.R. No. 206806 - Arco Pulp and Paper Co., Inc. vs. Lim

Arco Pulp and Paper Co., Inc. vs. Lim

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Title Supreme Court: Arco Pulp and Paper Co., Inc. vs. Lim

Case: G.R. No. 206806

Decision Date: Jun 25, 2014

Dan T. Lim supplied materials to Arco Pulp and Paper, which issued a dishonored check. A memorandum with Eric Sy did not extinguish the debt. SC upheld CA: no novation, solidary liability for Santos, and damages awarded for bad faith.

bounced check

third party

interest rate

Very Long 37 min

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