G.R. No. L-7382 - Southwestern Sugar and Molasses Co. vs. Atlantic Gulf and Pacific Co.

Southwestern Sugar and Molasses Co. vs. Atlantic Gulf and Pacific Co.

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Title Supreme Court: Southwestern Sugar and Molasses Co. vs. Atlantic Gulf and Pacific Co.

Case: G.R. No. L-7382

Decision Date: Jun 29, 1955

Atlantic Gulf granted Southwestern an option to buy a barge, but withdrew it after acceptance. SC ruled the option unenforceable due to lack of consideration under Article 1479, allowing withdrawal despite acceptance.

option agreement

invalid

unenforceable

Very Short 6 min

END