G.R. No. 103073 - Republic vs. Court of Appeals

Republic vs. Court of Appeals

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Title Supreme Court: Republic vs. Court of Appeals

Case: G.R. No. 103073

Decision Date: Mar 13, 2001

A dispute arose over R & B Surety's liability for bonds issued to secure Endelo's re-export obligations. The Court ruled R & B Surety's liability is limited to bond face value, solidary with Endelo, and upheld legal interest for delayed payment.

liability

duties and taxes

legal interest

Very Short 7 min

END