G.R. No. L-15645 - Arrieta vs. National Rice and Corn Corporation

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G.R. No. L-15645: Arrieta vs. National Rice and Corn Corporation

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Title Supreme Court: Arrieta vs. National Rice and Corn Corporation

Case: G.R. No. L-15645

Decision Date: Jan 31, 1964

NARIC breached contract by failing to open a timely letter of credit, causing Paz Arrieta’s forfeited deposit and unrealized profit; damages awarded in pesos at 1952 exchange rate.

breach of contract

letter of credit

rice supplier

Standard 17 min

1.0x of typical case length

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