G.R. No. 209370 - Fort Bonifacio Development Corp. vs. Fong

Fort Bonifacio Development Corp. vs. Fong

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Title Supreme Court: Fort Bonifacio Development Corp. vs. Fong

Case: G.R. No. 209370

Decision Date: Mar 25, 2015

FBDC withheld retention money from MS Maxco for defective work. Fong, an assignee of MS Maxco’s receivables, sued FBDC, but the Supreme Court ruled FBDC not liable due to lack of consent for assignment and exhaustion of funds.

real estate development company

written consent

retention money

Standard 15 min

END