Title
Pryce Corp. vs. Philippine Amusement and Gaming Corp.
Case
G.R. No. 157480
Decision Date
May 6, 2005
Pryce Corp. and PAGCOR's casino lease dispute over local opposition, contract termination, and future rentals led to SC ruling on valid termination, reduced penalties, and no unjust enrichment.

Case Summary (G.R. No. 223125)

Contractual Provisions

Article XX of the Lease Contract provides:
(a) Lessee’s breach entitles lessor to terminate upon 15‐day notice and lock premises.
(c) Upon termination, Lessee “shall be fully liable … for the rentals corresponding to the remaining term of the lease as well as for any and all damages, actual or consequential … resulting from such default and termination.”

Issue

Whether Pryce, having terminated the Contract for cause, may collect rentals for the unexpired lease term as stipulated in Article XX(c), or whether the remedy of rescission under Civil Code Article 1659 bars recovery of future rentals.

Court of Appeals Ruling

The CA held that PAGCOR’s pre‐termination was unjustified and that Pryce’s remedy was rescission under Article 1659, not termination under the Contract. Consequently, Pryce could recover only accrued rentals up to its election to terminate (November 25, 1993), plus interest and attorney’s fees. Future rentals were disallowed; moral damages and parking improvement costs were denied.

Supreme Court Analysis

  1. Contract as Primary Law: Under Articles 1159, 1306 and 1370, the parties’ stipulations have the force of law if not contrary to public policy. Courts may not alter or rescue parties from agreed terms.
  2. Termination vs. Rescission:
    • Rescission (Articles 1191, 1659, 1380) annuls a contract ab initio with mutual restitution.
    • Termination ends the contract prospectively, enforcing accrued obligations up to cancellation. Pryce elected termination under Article XX; it never sought to rescind from inception.
  3. Inapplicability of Rios: Rios v. Jacinto involved pure rescission under Article 1659, so its bar on future rentals does not apply when parties validly contract for termination plus penalty.

Penalty Clause and Equitable Reduction

The provision in Article XX(c) is a penal clause imposing liquidated damages (future rentals plus actual/consequential damages). Under Articles 1226, 1228, 1229 and 2227, penalties substitute for damages unless the clause is unconscionable. Courts may reduce penalties equitably considering the breach’s nature, parties’ conduct and surrounding circumstances. PAGCOR’s breach arose from gen

...continue reading

Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster—building context before diving into full texts.