G.R. No. 142420 - Philippine Bank of Communications vs. Diamond Seafoods Corporation

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G.R. No. 142420: Philippine Bank of Communications vs. Diamond Seafoods Corporation

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Title Supreme Court: Philippine Bank of Communications vs. Diamond Seafoods Corporation

Case: G.R. No. 142420

Decision Date: Jan 29, 2007

PBCom's civil action against Diamond Seafoods for unpaid trust receipts was dismissed due to prescription, as it was filed over ten years after maturity, with no valid interruption of the prescriptive period.

prescription

sureties

valid demand

Short 10 min

0.6x of typical case length

END