G.R. No. 23763 - Chinese American Bank of Commerce vs. Mariano Uy Chaco Sons and Co.

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G.R. No. 23763: Chinese American Bank of Commerce vs. Mariano Uy Chaco Sons and Co.

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Title Supreme Court: Chinese American Bank of Commerce vs. Mariano Uy Chaco Sons and Co.

Case: G.R. No. 23763

Decision Date: Oct 7, 1925

Chinese American Bank sued Mariano Uy Chaco Sons & Co. for unpaid balance on a 1922 contract for German marks. Despite marks' devaluation, the Supreme Court ruled the defendant liable for the balance, upholding the contract's terms.

contract dispute

unpaid balance

exchange rate

Standard 15 min

0.9x of typical case length

END